Power Engineering Firm Solv Seeks $512.5 Million in US IPO

Solv Energy Inc. is seeking to raise as much as $512.5 million in an initial public offering, becoming one of the latest companies to capitalize on data centers’ increasing power needs.

The energy infrastructure services company is offering 20.5 million shares for $22 to $25 each in its IPO, according to a filing with the US Securities and Exchange Commission on Friday.