UPDATE 1-Fervo Energy eyes $7.4 billion valuation in upsized US IPO

Adds valuation target in paragraph 1 and details throughout

May 11 (Reuters) - Fervo Energy said on Monday it was targeting up to $7.37 billion valuation in its U.S. upsized initial public offering, underscoring strong investor interest for the listing.

The Houston, Texas-based geothermal company is now offering 70 million shares priced between $25 and $26 apiece. It was earlier offering 55.6 million shares priced ​between $21 and $24 apiece.

J.P. Morgan, BofA Securities, RBC Capital Markets, and Barclays are the joint lead bookrunning managers for the offering.

Fervo Energy will list on the Nasdaq under the symbol "FRVO."


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