Core Viewpoint - Cardinal Infrastructure Group Inc. has announced the pricing of its initial public offering (IPO) of 11,500,000 shares at $21.00 per share, aiming for total gross proceeds of approximately $241.5 million before expenses [1]. Group 1: IPO Details - The IPO includes a 30-day option for underwriters to purchase an additional 1,725,000 shares at the initial offering price [1]. - Trading of Cardinal Group shares is expected to commence on the Nasdaq Global Select Market under the ticker symbol "CDNL" on December 10, 2025, with the offering closing on December 11, 2025, subject to customary conditions [1]. Group 2: Underwriters - Stifel and William Blair are serving as joint book-running managers for the offering, while D.A. Davidson & Co. is the lead manager [2]. Group 3: Company Overview - Cardinal Group, headquartered in Raleigh, North Carolina, is recognized as one of the fastest-growing full-service turnkey infrastructure services companies in the Southeastern United States [5]. - The company provides a comprehensive suite of infrastructure services, including wet utility installations, grading, site clearing, erosion control, drilling and blasting, and paving, primarily through in-house teams and equipment [5]. - Cardinal Group's operations are characterized by a highly skilled workforce and specialized equipment, positioning it as a preferred platform for diverse infrastructure construction projects requiring technical expertise [5].