Reported Earlier, Southwest Gas And Centuri Prices Centuri Initial Public Offering Of 12.4M Centuri Common Shares At $21/Share
Portfolio Pulse from Benzinga Newsdesk
Southwest Gas Holdings, Inc. (SWX) and its subsidiary Centuri Holdings, Inc. (CTRI) announced the pricing of Centuri's IPO at $21 per share for 12.4 million shares. The IPO is set to begin trading on the NYSE under the symbol CTRI on April 18, 2024, with a closing date of April 22, 2024. Additionally, Icahn Partners will purchase 2.59 million shares of Centuri in a private placement at the IPO price, totaling approximately $54.4 million.
April 18, 2024 | 7:26 am
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Centuri Holdings, Inc. announces its IPO pricing at $21 per share, with trading to start on April 18, 2024, indicating a significant step for the company's growth and market presence.
The initiation of Centuri's IPO represents a critical milestone for the company, likely attracting investor interest and potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Southwest Gas Holdings, Inc. announced its subsidiary Centuri's IPO pricing, indicating strategic financial movements and potential growth.
The IPO of Centuri, a subsidiary of Southwest Gas, suggests a strategic expansion and potential for increased market presence, likely positively impacting SWX's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80