NYSE Pre-Market Update: Stocks Rise Following Federal Reserve's Interest Rate Cut This article highlights the latest pre-market insights from the New York Stock Exchange, including a significant interest rate cut by the Fed.

NYSE Pre-Market Update: Stocks Rise Following Federal Reserve's Interest Rate Cut #USA #New_York #New_York_Stock_Exchange #Federal_Reserve #WaterBridge

#WaterBridge Makes a Splash on the NYSE
→ $WBI IPO priced at $20
→ Opened at $25 › ▲ +25%
→ Raised $634M (upsized)
→ Valued near $3B on debut
→ 60% of IPO was primary offering

Midstream water infra isn’t sexy — but in this market? Profitable + private equity-backed = IPO greenlight.

#IPO #NYSE

Five Point-backed WaterBridge eyes up to $2.3 billion valuation in US IPO (Reuters) - WaterBridge is seeking a valuation of up to $2.28 billion in its initial public offering in the U.S., the oilfield water management company said on Monday, underscoring strengthening momentum in the new listings market. U.S. listings have rebounded from a slump in April sparked by tariff-driven market volatility, as signs of progress in trade negotiations and resilient investor demand restored confidence in the market. The Five Point-backed company said it would sell 27 million shares, priced between $17 and $20 apiece, to raise as much as $540 million. Houston, Texas-based WaterBridge is a pure-play water infrastructure firm mainly operating in the Delaware Basin. It is involved in gathering, transporting, recycling and handling produced water for oil exploration and production firms. The listing comes more than a year after the New York debut of fellow Five Point-backed LandBridge, with which WaterBridge partners to use underutilized pore space in the Delaware Basin to meet rising water-handling demand. Its customers include BPX Energy, Chevron, Devon Energy, EOG Resources and Permian Resources. Asset manager Horizon Kinetics has indicated interest in buying up to $120 million worth of shares in the offering. WaterBridge will list on the New York Stock Exchange and NYSE Texas under the symbol "WBI." 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 3 out of 4 global portfolios are beating their benchmark indexes, with 98% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar?

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#waterbridge #vacationkingdom