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May 15, 2026 • 1-minute read
Vinson & Elkins represented J.P. Morgan Securities LLC, BofA Securities, RBC Capital Markets and Barclays as representatives of the underwriters in connection with Fervo Energy Company’s (“Fervo”) initial public offering of 70,000,000 shares of its Class A common stock at a price to the public of $27.00 per share. The underwriters exercised the 30-day option to purchase up to an additional 10,500,000 shares of the Company’s Class A common stock. The shares began trading on Nasdaq under the symbol “FRVO” on May 13, 2026, and the offering closed May 14. The IPO is expected to be the largest primary energy and power IPO of all time; the most oversubscribed clean energy IPO ever; and the largest primary clean energy public equity deal of all time.
The Vinson & Elkins team was led by Partners Sarah Morgan and Jackson O’Maley, Counsel Alex Lewis and Senior Associate Walt Baker, with assistance from Associates Lauren Perillo, Rachel Campbell Alexander, and Joshua Payne.
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