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flag Cardinal Infrastructure prices IPO at $21, raises $241.5M, shares debut on Nasdaq Dec. 10.

flag Cardinal Infrastructure Group Inc. (CDNL) has priced its IPO at $21.00 per share, selling 11.5 million shares to raise about $241.5 million before expenses. flag The company, based in Raleigh, North Carolina, offers full-service infrastructure solutions across the Southeastern U.S. and has granted underwriters an option to buy 1.725 million additional shares. flag Shares began trading on the Nasdaq Global Select Market on December 10, 2025, under the ticker CDNL, with the offering expected to close on December 11, 2025.

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