Centuri Holdings, part of Southwest Gas, plans an IPO to raise up to $315M for infrastructure services.
Centuri Holdings Inc., an infrastructure services business of Southwest Gas, plans to raise up to $315 million through an IPO and concurrent private placement, offering 12.4 million shares for $18 to $21 each. The move comes as Southwest Gas announced the split of its regulated natural gas business and infrastructure services business two years ago. At the top end of the share range, Centuri would have a market value of $1.8 billion.
April 08, 2024
5 Articles