Geothermal startup Fervo Energy said Monday it hopes to raise up to $1.3 billion in its initial public offering.
The company would be valued at up to $6.5 billion if shares sell at the top of its $21 to $24 price target. That’s more than twice what Fervo had reportedly been seeking earlier this year when it confidentially filed paperwork with the SEC to start the IPO process.
Originally reported by TechCrunch
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