Updates

** Fervo Energy's FRVO.O shares jump as much as 37% in New York debut

** Stock opened at $36 apiece vs IPO price of $27, valuing the geothermal energy developer at around $10.21 billion

** Houston, Texas-based FRVO sold 70 million shares in an upsized IPO above latest marketed range of $25 to $26 apiece to raise $1.89 billion

** Launched in 2017, FRVO delivers carbon-free power through large-scale deployment of enhanced geothermal systems

** Energy demand in the U.S. has risen steeply in recent years, underpinned by the artificial intelligence boom

** AI-linked offerings have been at forefront ​of the IPO market this year as investors pile into red-hot sectors

** J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays were joint lead bookrunning managers for the listing