WaterBridge Infrastructure LLC (Ticker: WBI US) is a U.S. company specializing in water management solutions for oil & gas E&P customers, predominantly in the Delaware Basin. WaterBridge plans to list on the NYSE and the new NYSE Texas on Sept. 17, 2025, offering 27.0 million shares at $17.00–$20.00, to raise about $499.5 million at the $18.50 midpoint. The company is incorporated in Delaware and reported a market cap of approximately $2.109 billion. IPO proceeds are expected to total about $461.1 million net, of which roughly $228.2 million will purchase OpCo interests from Elda River, with the balance contributed to OpCo to repay debt and for general purposes, including working capital and growth projects. WaterBridge uses an Up-C structure. Joint bookrunners include J.P. Morgan, Barclays, Goldman Sachs, Morgan Stanley and Wells Fargo Securities.