MS · News · 20260825N
Eavor IPO Mandate
MORGAN STANLEY · 2026-08-25 · Importance 34 · Surprise 42 · In source text
Geothermal developer Eavor hired Morgan Stanley to evaluate public-market alternatives, including an initial public offering and a SPAC merger. The mandate follows Eavor’s debut geothermal project missing expectations and a subsequent overhaul of its business model. Eavor is described as one of the most well-funded geothermal developers, although no transaction value or timetable was disclosed.
Key facts
- MORGAN STANLEY has been tapped by geothermal developer Eavor to explore options for going public, including an IPO or SPAC merger. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | MORGAN STANLEY has been tapped by geothermal developer Eavor to explore options for going public, including an IPO or SPAC merger. |