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Southwest Gas unit Centuri jumps 13% in strong market debut

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Energy Nyheter

Sverige Senaste nytt,Sverige Rubriker

Centuri sold 12.4 million shares priced at $21 apiece to raise roughly $260.4-million in its initial public offering

Shares of Centuri Holdings, a unit of Southwest Gas Holdings, jumped 13 per cent in their market debut on Thursday, in another sign of a revival in investor demand for new stocks.

The stock opened for trading at $23.75 apiece, valuing the company at about $2.06-billion. Centuri priced its IPO at the top end of its marketed range of $18-$21.

 

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