--- title: "Data center power infrastructure company ERock launches US IPO aiming to raise up to $642 million" type: "News" locale: "en" url: "https://longbridge.com/en/news/288301204.md" description: "American distributed power system supplier ERock officially launched its IPO on the US stock market, planning to issue 27.91 million shares and raise up to $642 million. The company mainly provides distributed power solutions for data centers and industrial clients, with its core product being a modular power generation system. This listing comes at a time when there is a surge in AI data center construction and a recovery in the US IPO market, aiming to complete financing before the potential IPO of SpaceX" datetime: "2026-06-01T15:49:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288301204.md) - [en](https://longbridge.com/en/news/288301204.md) - [zh-HK](https://longbridge.com/zh-HK/news/288301204.md) --- # Data center power infrastructure company ERock launches US IPO aiming to raise up to $642 million According to the Zhitong Finance APP, American distributed power system supplier ERock Inc. has officially launched its initial public offering (IPO) plan, aiming to raise up to $642 million. Market participants believe that as large technology companies accelerate the construction of AI data centers, power security and energy infrastructure are becoming new hotspots of interest in the capital market. According to documents submitted by the company to the U.S. Securities and Exchange Commission (SEC), ERock, headquartered in Houston, Texas, plans to issue 27.91 million shares, with an offering price range of $20 to $23 per share. Based on the upper limit of the offering range, the company's fundraising scale could reach approximately $642 million. Management's roadshow materials indicate that this IPO is expected to be priced after the close of U.S. markets on June 9. ERock's listing comes at a time when the U.S. IPO market is warming up. The market expects that several companies will enter the capital market in the coming weeks to complete financing before the highly anticipated potential IPO of SpaceX. It is understood that SpaceX's valuation could be as high as $75 billion, with related issuance work possibly starting market promotion as early as this week and pricing completed next week. As a result, several companies are accelerating their listing pace, hoping to complete financing before the market attention is drawn to SpaceX. ERock primarily provides distributed power system solutions for data centers, utility companies, and large commercial and industrial customers. Currently, the company's business covers nine states in the U.S., offering bridging power, backup power, and flexible power supply services. Its core product, RockBlock, is a modular distributed generation system that can directly utilize local underground natural gas pipelines to supply fuel for power generation, achieving continuous and stable operation. The company states that this system can provide high reliability power assurance to customers during grid failures, power shortages, or peak load periods. As of now, ERock has served approximately 400 project sites, with the most concentrated business layout in California and Texas, which are also among the most active markets for data center construction in the U.S. With the continuous expansion of AI training clusters and high-density computing centers, power supply has become one of the key bottlenecks restricting industry development. Industry analysts believe that distributed energy systems with independent power supply capabilities and rapid deployment advantages are expected to gain more market demand in the future. Financial data shows that ERock's predecessor company, Enchanted Rock, achieved operating revenue of $31.7 million in the first quarter ending March 31, 2026, a year-on-year increase of approximately 31.5%; revenue in the same period last year was $24.1 million. However, the company has not yet achieved profitability. The net loss during the reporting period was $18 million, higher than the $16.7 million loss in the same period last year. Market analysts point out that the company is still in the business expansion phase, continuously investing in equipment construction, technology research and development, and market expansion, thus putting pressure on short-term profitability. However, against the backdrop of rapidly growing demand for AI infrastructure construction, investors are more focused on its future revenue growth potential and market share expansion space In terms of equity structure, the energy technology investment firm Energy Impact Partners will hold approximately 45.3% of the voting rights through Class A and Class B shares after the IPO is completed, maintaining its position as the controlling shareholder. The company's former CEO Thomas McAndrew will become the second-largest shareholder, holding approximately 10.2% of the voting rights. The IPO underwriting syndicate is strong, with Morgan Stanley, JP Morgan, Barclays, and Bank of America serving as the lead underwriters. According to the plan, the company's shares will be listed on the New York Stock Exchange under the ticker symbol "EROC" ### Related Stocks - [PL.US](https://longbridge.com/en/quote/PL.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [SATS.US](https://longbridge.com/en/quote/SATS.US.md) - [VCX.US](https://longbridge.com/en/quote/VCX.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [BCS.US](https://longbridge.com/en/quote/BCS.US.md) - [BARC.UK](https://longbridge.com/en/quote/BARC.UK.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [4 market pros told us whether they'd buy the SpaceX IPO](https://longbridge.com/en/news/288049103.md) - [Water access is now a risk factor in SpaceX’s IPO](https://longbridge.com/en/news/288313471.md) - [Ramsey Theory Group CEO Dan Herbatschek Says SpaceX IPO Signals AI Has Become the World’s Largest Infrastructure Race](https://longbridge.com/en/news/288286030.md) - [SpaceX says it will reserve 5% of its IPO shares for staff, friends and family](https://longbridge.com/en/news/288297530.md) - [The 180-Day Lease Holding Up SpaceX's $2 Trillion IPO](https://longbridge.com/en/news/288095214.md)