Sept 16 - WaterBridge Infrastructure ( WBI ) raised $634

million in an initial public offering in the United States, the

oilfield water management firm said on Tuesday, in the latest

sign of renewed momentum in the listings market.

The Houston, Texas-based company sold 31.7 million shares at

$20, at the higher end of its marketed range of $17 to $20

apiece. The IPO valued it at $2.3 billion.

WaterBridge's debut comes during a crowded stretch for IPOs,

with ticket reseller StubHub, cybersecurity firm Netskope and

e-commerce firm Pattern also slated to list this week,

underscoring renewed investor demand for new offerings.

After an April slump caused by tariff-driven market

volatility, U.S. listings have regained ground, supported by

progress in trade talks and expectations of a September rate

cut.

WaterBridge's offering will test investors' appetite for

midstream water management firms, which earn steady cash flows

through long-term, fee-based contracts, even when energy prices

fluctuate.

Backed by private equity firm Five Point ( FPH ), WaterBridge is a

pure-play water infrastructure company with operations mainly in

the Delaware Basin. It is involved in gathering, transporting,

recycling and handling produced water for oil exploration and

production companies.

The company's listing comes more than a year after the New

York debut of fellow Five Point ( FPH )-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 )

.

J.P. Morgan and Barclays ( BCS ) are the lead underwriters for the

offering. WaterBridge will start trading on the New York Stock

Exchange and NYSE Texas under the symbol "WBI" on Wednesday.