The IPO Buzz: Centuri Holdings (CTRI) Prices IPO at $21 – Top of Range

Centuri Holdings, Inc. (CTRI), a unit of Southwest Gas Holdings Inc. (SWX), priced its IPO at $21.00 – the top of its $18.00-to-$21.00 range – on Wednesday night (April 17, 2024) and sold 12.4 million shares – the number in the prospectus – to raise $260.4 million. Shares of Centuri shot up 13.1 percent to open at $23.75 - up $2.75 from their IPO price - shortly at around 11:49 a.m. E..

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IPO Calendar

Company Symbol proposed Lead Managers Shares (Millions) Price Low Price High Est. $ Volume Expected to Trade SCOOP Rating Rating Change
CDT Environmental Technology Investment Holdings Limited CDTG WestPark Capital 1.5 4.00 4.00 $ 6.0 mil 4/18/2024 Priced S/O S/O
Centuri Holdings, Inc. CTRI UBS Investment Bank/ BofA Securities/ J.P. Morgan/ Wells Fargo Securities 12.4 21.00 21.00 $ 260.4 mil 4/18/2024 Priced S/O S/O
Ibotta Inc. IBTA Goldman Sachs/ Citigroup/ BofA Securities/ Evercore ISI/ UBS Investment Bank/ Wells Fargo Securities 6.6 88.00 88.00 $ 577.3 mil 4/18/2024 Priced S/O S/O
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Last 100 IPOs - April 17, 2024

Number of IPOs priced : 100
Number Up: 27
Number Down: 73
Number Unchanged: 0
Percentage Change From Issue Price: -8.97%
Percentage Change for The Nasdaq Composite 12.85%

2024 IPO Scorecard - April 17, 2024

Number of IPOs priced (Excluding 6 units) : 47
Number Up: 16
Number Down: 31
Number Unchanged: 0
Total Return From Issue Price: -8.33%
The Nasdaq Composite Index YTD % Change 5.69%