IPO - Centuri Holdings, Inc.
Form Type: 424B4
Filing Date: 2025-05-21
Corporate Action: Ipo
Type: New
Accession Number: 000162828025027057
Filing Summary: Centuri Holdings, Inc. is offering 9,000,000 shares of its common stock in connection with its initial public offering, with a public offering price of $17.50 per share. The company will not receive any proceeds from the sale of shares by the selling stockholder, Southwest Gas Holdings, which will continue to own approximately 67.5% of the outstanding common stock following this offering. The last reported sale price of the common stock on NYSE was $18.96 per share. The offering will also include an option for underwriters to purchase an additional 1,350,000 shares over 30 days. The shares are expected to be delivered on May 22, 2025. The document emphasizes that investing involves risks, and potential investors should consult the risk factors section for detailed insights.
Additional details:
Public Offering Price: 17.5
Total Offer Amount: 157500000
Underwriting Discounts And Commissions: 0.6125
Proceeds To Selling Stockholder: 151987500
Shares To Outstanding After Offering: 88649044
Concurrent Private Placement Amount: 50000000
Icahn Investors Lock Up Period: 45
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