Geothermal Energy Firm Fervo Rises 33% After $1.89 Billion IPO

Fervo Energy Co. shares opened 33% above their IPO price after the geothermal energy developer raised $1.89 billion in an upsized US initial public offering.

By Monique Mulima, Emily Forgash · Bloomberg Markets

Fervo Energy Co. shares opened 33% above their IPO price after the geothermal energy developer raised $1.89 billion in an upsized US initial public offering.