Reported about 4 hours ago
WaterBridge Infrastructure, supported by Five Point, has successfully raised $634 million through its initial public offering in the U.S., selling 31.7 million shares at $20 each. This IPO marks a resurgence in the listings market, with WaterBridge valuing at $2.3 billion. Operating primarily in the Delaware Basin, the company focuses on oilfield water management and provides essential services to major energy providers. Its stock will trade under the symbol 'WBI' starting Wednesday.
Source: YAHOO