Southwest Gas (NYSE:) Holdings, Inc. (SWX) (“southwest gas“) announced today Century Holdings Co., Ltd. (hereinafter referred to as “Centuri”) is a wholly owned subsidiary of Centuri. southwest gashas begun the roadshow for its initial public offering (“IPO”) of 12,400,000 shares of Centuri’s common stock. Centuri has granted the underwriters a 30-day option to purchase up to an additional 1.86 million shares. Currently, the IPO price is expected to be within the following ranges:
After the IPO is completed, southwest gas will continue to own approximately 82.7% (approximately 81.0% if the underwriters exercise their option to purchase an additional 100% of Centuri's common stock) of Centuri's outstanding common stock.
ubs investment bank, BofA Securities and JPMorgan are acting as joint book-running managers for the proposed product. wells fargo securities Serves as book running manager for proposed products.Baird keybank capital market and siebert williams shank Serves as co-manager of proposed services.
The registration statement on Form S-1 relating to the offering is U.S. Securities and Exchange Commission (“SEC“), but have not yet become effective. These securities may not be sold or offers to buy may be accepted prior to the effective date of the registration statement. IPOs will be made only by means of a prospectus; Copies may be published and, if available, will be retrieved from. SEC in www.sec.govand from below. UBS Securities LLCAttn: Prospectus Department,
