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Geothermal Energy Developer Fervo Raises $1.89 Billion in US IPO

Bloomberg Markets · May 12, 2026, 11:47 PM · Also reported by 4 other sources

Fervo Energy Co., a geothermal energy developer, raised $1.89 billion in a US initial public offering that priced above the marketed range, after upsizing the deal earlier this week.

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Geothermal Energy Developer Fervo Raises $1.89 Billion in US IPO

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