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Water infrastructure firm Core & Main rises over 8% in debut

Kitco News

July 23 (Reuters) - Shares of Core & Main Inc, a water infrastructure company owned by private equity firm Clayton, Dubilier & Rice (CD&R) rose over 8% in their debut, giving the company a market capitalization of $7 billion.

The stock opened at $21.70 per share, higher than the initial public offering price of $20 per share.

Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli

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