Investor interest in these IPOs comes amid growing concerns over whether hyperscalers, whose shares have soared in recent years, will be able to convert their huge spending into profits. Many traders are instead starting to look at smaller companies or those in other sectors that are likely to benefit from this wave of investment.
Fervo chief executive Tim Latimer says the company and its investors view public markets as a way to grow quicker. Fervo raised more than $2bn when it went public in May.
Michael Nagle/Bloomberg
Fervo chief executive Tim Latimer says the company and its investors view public markets as a way to grow quicker. Fervo raised more than $2bn when it went public in May.
Michael Nagle/Bloomberg
