Five a water bridge, supported by points, is raised 634 million dollars in the US public subscription

(Correction to add Reuters in the data line)

(Reuters) – The Oil Water Management Company said on Tuesday that the water bridge infrastructure raised $ 634 million in a preliminary public offer in the United States, the oil management company said on Tuesday.

Houston has sold Texas to 31.7 million shares at a price of $ 20, at the top of its marketed range from $ 17 to $ 20. The public subscription value is $ 2.3 billion. The appearance of Waterbridge comes for the first time during a crowded extension of subscription subscriptions, with the STUBHUB ticket distributor, the Netskope and the e -commerce pattern is scheduled to be included this week, which confirms the renewal of investors’ demand for new offers. After a recession in April caused by the fluctuations in the tariff market, the US lists regained the support of progress in commercial conversations and the expectations of the September rate. Waterbridge offers will test the delicious investors of water management companies in the middle of the road, which earn fixed cash flows through long -term fees -based contracts, even when energy prices fluctuate. With the support of Five Points, Waterbridge is a pure water infrastructure company with operations in the Dilayer Basin mainly. It is involved in collecting, transporting, recycling and treating water produced for oil exploration and production companies. The company’s list comes more than a year after the appearance of five -point Landberridge colleagues, which are cooperating with Waterbridge to use the area of ​​unused pores in the Dilayer Basin to meet the growing demand for water treatment. Its customers include BPX Energy, Chevron, Devon Energy, Eog Resources and Permian Resources. Jp Morgan and Barclays are the main subscriptions for shows. Waterbridge will start trading on the New York Stock Exchange and Nyse Texas under the symbol “WBI” on Wednesday.

(Participated in the reports of Brakhar Srivastava and Adnan Balikar in Bangaluru, edited by Krishna Chandra Elori and Rishmi AH)