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Shares of WaterBridge Infrastructure surged 14.2% on their first day of trading on the New York Stock Exchange, closing at $22.83, significantly higher than the initial offer price of $20. Backed by private equity firm Five Point, the Houston-based company, which manages water networks for oil and gas producers, achieved a market valuation of approximately $2.6 billion. This successful IPO represents renewed investor interest in energy sector listings while highlighting WaterBridge's unique position in wastewater management.
Source: YAHOO