Southwest Gas Announces That Centuri Files Public Registration Statement, Intends To List Centuri Group Under 'CTRI' On The NYSE
Portfolio Pulse from Benzinga Newsdesk
Southwest Gas Holdings, Inc. (SWX) announced its subsidiary, Centuri Group, Inc., has filed a registration statement for an IPO, intending to list on the NYSE under 'CTRI'. The offering's details are yet to be determined. UBS Investment Bank, BofA Securities, and J.P. Morgan are the joint lead book-running managers, with Wells Fargo Securities as a book-running manager and Baird, KeyBanc Capital Markets, and Siebert Williams Shank as co-managers.
March 22, 2024 | 8:25 pm
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Southwest Gas Holdings, Inc. announced its subsidiary, Centuri Group, Inc., is planning an IPO, intending to list on the NYSE under 'CTRI'.
The announcement of a subsidiary's IPO typically generates positive market sentiment towards the parent company, as it reflects growth and expansion. This could lead to increased investor interest in SWX in the short term.
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