Centuri Holdings, a unit of Southwest Gas, successfully launched its initial public offering (IPO) pricing shares at $21 each, the high end of the marketed $18-$21 range. The IPO raised $314.8 million, with a notable investment from Carl Icahn. Following the IPO, Centuri's market value reached $1.8 billion. The shares saw a significant increase, climbing as much as 13% post-IPO, and opened on the NYSE at $23.75.
Centuri shares climbed as much as 13% after an initial public offering and concurrent private placement priced at the top of a marketed range. https://t.co/TvxyT5hs7R
Centuri shares climbed as much as 13% after an initial public offering and concurrent private placement priced at the top of a marketed range. https://t.co/F2Dsb6PbBv
Centuri Holdings $CTRI opens @nyse at $23.75 after pricing at $21, high end of the $18-$21 range. Another $IPO prices. Rubrik scheduled to come next week. @CNBC
A tech IPO raised above range at $88!? Wow... https://t.co/G3ZUrphpL0
Southwest Gas Unit Gets $314.8 Million From IPO, Icahn Deal Company sold shares at $21 each, top of a marketed range Pricing gives Centuri Holdings a market value of $1.8 billion https://t.co/xAN0pR4ohJ
Southwest electric and gas unit Centuri gets $314.8 million via IPO, Icahn placement https://t.co/5VZJFKWBFD
Utility services firm Centuri prices IPO at $21, the high end of the range $CTRI $IPO #IPO https://t.co/m6dJPkOCK8