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Forgent Power aims for a valuation of up to $8.83 billion in its IPO in the US, seeking to raise up to $1.62 billion by offering approximately 56 million shares priced between $25 and $29. The Minnesota-based company derives 42% of its revenue from AI data centers, providing a direct investment opportunity in AI spending. Forgent plans to list on the New York Stock Exchange under the ticker 'FPS.'