Sept 8 (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 ( LB )

, 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 ( CVX ), Devon

Energy ( DVN ), EOG Resources ( EOG ) and Permian Resources ( PR )

.

Asset manager Horizon Kinetics has indicated interest in

buying up to $120 million worth of shares in the offering.

J.P. Morgan and Barclays are the lead underwriters for the

offering.

WaterBridge will list on the New York Stock Exchange and

NYSE Texas under the symbol "WBI."