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Centuri Holdings, Inc. - $CTRI STOCK NEWS

Welcome to our dedicated page for Centuri Holdings news (Ticker: $CTRI), a resource for investors and traders seeking the latest updates and insights on Centuri Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Centuri Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Centuri Holdings's position in the market.

Rhea-AI Summary
Centuri Holdings, Inc. (NYSE: CTRI), a North American utility infrastructure services company, closed its IPO of 14,260,000 shares at $21.00 per share. The underwriters exercised their option for 1,860,000 additional shares. The stock started trading on NYSE under the symbol 'CTRI' on April 18, 2024. Icahn Partners LP and Icahn Partners Master Fund LP, affiliated with Carl C. Icahn, bought 2,591,929 shares at the IPO price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
-
Rhea-AI Summary
Southwest Gas Holdings, Inc. announced the closing of Centuri Holdings, Inc.'s initial public offering of 14,260,000 shares at $21.00 per share. Additionally, investment entities affiliated with Carl C. Icahn purchased 2,591,929 shares in a concurrent private placement. UBS Investment Bank, BofA Securities, and J.P. Morgan acted as lead book-running managers for the IPO. The offering was made through a prospectus filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
-
Rhea-AI Summary
Southwest Gas and Centuri announced the pricing of Centuri's initial public offering (IPO) of 12,400,000 shares at $21.00 per share. The IPO includes a 30-day option for additional shares. Icahn Partners will purchase 2,591,929 shares in a concurrent private placement. The net proceeds are expected to be approximately $292.6 million, with plans to repay debts and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
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Rhea-AI Summary
Southwest Gas Holdings, Inc. announces the launch of an IPO by its subsidiary Centuri Holdings, Inc. for 12.4 million shares with an option for an additional 1.86 million shares. The IPO price is expected to be between $18.00 and $21.00 per share, with plans to list on NYSE under the ticker symbol 'CTRI'. Southwest Gas will retain majority ownership post-IPO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
Centuri Holdings, Inc.

NYSE:CTRI

CTRI Rankings

CTRI Stock Data

2.21B
86.66M
United States of America