Data Center Electrical Equipment Maker Forgent Files for US IPO
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Forgent Power Solutions Inc., a designer and manufacturer of electrical equipment used in data centers, filed for a US initial public offering.The Dayton, Minnesota-based company had net income of $10 million on revenue of $283 million for the three months ended Sept. 30, compared with net income of $6.3 million on revenue of $154 million in the corresponding period a year earlier, according to its filing Friday with the US Securities and Exchange Commission.