“Centuri Up 10% After Raising $315 Million in IPO, Icahn Deal”
April 22, 2024
“…Shares in the infrastructure services business of power company Southwest Gas Holdings Inc. closed at $23.13 each on Thursday in New York, after a deal priced at $21 per share to raise about $314.8 million in total.
Centuri sold 12.4 million shares on Wednesday, according to a statement. Investment funds backed by billionaire activist Carl Icahn agreed to purchase about 2.6 million shares in a concurrent private placement.
The pricing gives the Phoenix-based business a market value of about $2 billion based on the outstanding shares in its filings with the US Securities and Exchange Commission. The company had marketed the shares for $18 to $21 each…”
https://finance.yahoo.com/news/centuri-rises-13-raising-315-160158510.html