1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
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1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Capital Structure
3. Valuation
Discussion
Symbol
FPS
Event Date
2026-02-05
Sector
Industrials
Subsector
Electrical Equipment
Offer Range
—
Shares Offered
11.67M
Shares Outstanding Pre-IPO
304.43M
304.43M
—
Implied Upside vs Midpoint
$00.00Description
—
Post-IPO economic shares by class.
| Class | Shares | % Economic |
|---|---|---|
Class A common stock (listed) 1 vote per share (as stated for Class A) | 271.64M | 89.2% |
Class B common stock | 32.79M | 10.8% |
| Total economic shares | 304.43M | 100% |