Five Point-Backed WaterBridge Raises $634 Million in Upsized IPO

WaterBridge Infrastructure LLC raised $634 million in its upsized US initial public offering, pricing its shares at the top of a marketed range.

The Houston-based water infrastructure company sold 31.7 million shares Tuesday for $20 each, according to a statement. The firm had marketed 27 million shares for $17 to $20 apiece. The IPO was expected to price at the top of the range, Bloomberg News reported earlier.