Centuri Holdings IPO Raises $314.8M, Shares Surge 13% on NYSE Debut

Apr 18, 2024, 04:40 PM

Centuri Holdings, a unit of Southwest Gas, successfully launched its initial public offering (IPO) pricing shares at $21 each, the high end of the marketed $18-$21 range. The IPO raised $314.8 million, with a notable investment from Carl Icahn. Following the IPO, Centuri's market value reached $1.8 billion. The shares saw a significant increase, climbing as much as 13% post-IPO, and opened on the NYSE at $23.75.