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Should You Invest Like Michael Burry and Buy This New IPO Stock Here?

Company Overview - WaterBridge Infrastructure (WBI) is a Houston-based company that has launched its initial public offering (IPO) on the New York Stock Exchange under the ticker WBI, with plans to sell 27 million shares priced between $17 to $20, aiming to raise approximately $540 million [3][4] - The company is seeking an overall valuation of around $2.3 billion [4] Industry Context - The global water supply is under significant pressure, with less than 1% of it being fresh and accessible, highlighting the importance of water management solutions [2] - WaterBridge operates the largest produced water infrastructure network in the U.S., providing essential water management services to oil and natural gas exploration and production companies [4] Revenue Model - WaterBridge generates revenue through produced water handling fees for transporting water to disposal facilities and by providing raw or recycled produced water for reuse in drilling and completion operations [5] - The company's revenue is linked to the long-life production of oil and natural gas wells, which offers a more stable income stream compared to the cyclical nature of drilling activities [5]