Midstream water management company WaterBridge (WBI.US) applies for listing to "add fuel to the fire" for the US IPO market.

WaterBridge Infrastructure, a midstream water resources management company, submitted its initial public offering (IPO) application on Friday, highlighting the gradually warming trend of the US new stock market. WaterBridge will be listed on the New York Stock Exchange and NYSE Texas under the stock code "WBI". J.P. Morgan and Barclays PLC Sponsored ADR are the main underwriters for this offering. The proceeds from this offering will be used to repay debt and for other purposes. Recently, many companies have joined the preparation for IPOs, preparing for potential listings in September. The market's expectations for the upcoming Federal Reserve interest rate cuts have also supported the optimism in the IPO market in the second half of the year. IPOX CEO Josef Schuster said, "The trend of falling US interest rates and the continued rise of US small and medium-sized stocks may intensify this trend before the end of the year." Cybersecurity company Netskope and e-commerce company Pattern also submitted their applications for listing in the United States on Friday. WaterBridge is a company focused on water infrastructure, with its main operations in the Delaware Basin, engaged in the collection, transportation, recycling, and treatment of produced water. Based in Houston, Texas, the company reported revenue of 3.749 billion US dollars and a net loss of 38 million US dollars for the six months ended June 30. As of July 31, the company's infrastructure network includes approximately 2,500 miles of pipeline and 196 produced water treatment facilities. While WaterBridge's core business is focused on oil exploration and production companies, the company is seeking to expand its business to meet the growing water demands of emerging industries. The company provides services to major oil and gas companies such as BPX Energy, Chevron Corporation, Devon Energy Corporation, and EOG Resources, Inc. WaterBridge is a portfolio company of private equity and infrastructure investment firm Five Point and Singapore's sovereign wealth fund GIC. This listing comes more than a year after LandBridge (LB.US), another company supported by Five Point, successfully listed on the NYSE. Since its listing last year, LandBridge's stock price has more than doubled.