WaterBridge (WBI.US), the largest producer water treatment company in the US, has an IPO price of US$17-20 per share and plans to raise US$500 million

The Zhitong Finance App learned that WaterBridge Infrastructure (WBI.US), which provides comprehensive water services and infrastructure support for oil and gas exploration and development companies (E&Ps), announced the relevant terms of its initial public offering (IPO) on Monday. The Houston, Texas-based company plans to issue 27 million shares at a price of 17 to 20 US dollars each, raising 500 million US dollars. Based on the median of the proposed issue price range, the fully diluted market value of WaterBridge Infrastructure will reach $2.1 billion.

As the largest extractive water infrastructure network operator in the US, WaterBridge has approximately 2,500 miles of pipelines and 196 extractive water treatment facilities. It treats more than 2.6 million barrels of extracted water per day, with a total treatment capacity of more than 4.5 million barrels. Customers include well-known companies such as Permian Resources (PR.US), Devin Energy (DVN.US), EOG Energy (EOG.US), and Chevron (CVX.US).

WaterBridge Infrastructure was founded in 2016 and achieved revenue of US$722 million in the 12 months ending June 30, 2025. The company plans to list on the New York Stock Exchange under the stock code “WBI.” Joint bookkeeping managers for this offering include J.P. Morgan Chase, Barclays, Goldman Sachs, Morgan Stanley, Wells Fargo Securities, Piper Sandler, Raymond James, and Stifel. The IPO is expected to be priced in the week of September 15, 2025.