Topic
energy-startups
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technology2 hrs agoDeveloping
Fervo Energy Raises $1.9 Billion in Initial Public Offering
Fervo Energy, a Houston-based start-up that applies oil and gas drilling methods to geothermal power, raised $1.89 billion in its initial public offering on Wednesday. The company sold 70 million shares at $27 each, resulting in an initial valuation of roughly $7.7 billion. Its s…