InfraREIT (HIFR) IPO Opens Up 18%

Today's IPO for InfraREIT, Inc. (NYSE: HIFR) opened for trading at $27.10 after pricing 20 million shares of its common stock at $23.00 per share, above the expected $19-$21 range.

BofA Merrill Lynch, Citigroup, RBC Capital Markets and Morgan Stanley are acting as the joint book-running managers for the offering. UBS Investment Bank and Wells Fargo Securities are acting as senior co-managers for the offering. Scotiabank/Howard Weil and Societe Generale are acting as the co-managers for the offering.

InfraREIT is an externally-managed real estate investment trust (REIT) that owns rate-regulated electric transmission and distribution (T&D) assets, such as power lines, substations, transmission towers, distribution poles, transformers and related property and assets, in Texas.

You May Also Be Interested In

• Marex Group (MRX) Prices 15.38M Share IPO at $19/sh
• Neo-Concept International Group Holdings (NCI) Prices 2.32M Share IPO at $4/sh
• Veg House Holdings (VEG) Announces 1M Share IPO at $5/sh