Midstream Water Management
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Five Point-backed WaterBridge jumps 14% in NYSE debut
Yahoo Finance· 2025-09-17 17:03
By David French, Ankita Bora and Arasu Kannagi Basil (Reuters) - WaterBridge Infrastructure's shares jumped 14.2% in their debut on the New York Stock Exchange on Wednesday, giving the midstream water management firm a market valuation of around $2.6 billion. Shares of the Houston, Texas-based company, which is backed by private equity firm Five Point, opened at $25 each, well above the offer price of $20 apiece, before finishing their first day at $22.83. WaterBridge operates water networks across key ...