Focusing on "wet public facilities," Cardinal submits an IPO application to the US stock market, aiming to raise $100 million

Zhitong
2025.10.15 07:24
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American construction project service provider Cardinal Infrastructure Group has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to raise up to $100 million through the initial public offering. The company focuses on providing wet utility and construction site services, primarily operating in North Carolina, with approximately 100 projects currently underway, totaling around $643 million in orders. Cardinal was established in 2013 and is expected to be listed on NASDAQ under the ticker symbol "CDNL"