Cardinal Infrastructure $242M IPO Takes Flight as Company Targets Rapid-Growth Markets

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Shares to Trade Under ‘CDNL’ on Nasdaq

Cardinal first filed plans for its public offering in October. With Monday’s pricing announcement, the company confirmed its shares will trade under the ticker symbol CDNL, marking a significant milestone for the construction services provider.

Cardinal, Stifel, and William Blair did not respond to requests for comment Monday.

Legal Teams Steering the Offering

  • Cardinal is represented by Willkie Farr & Gallagher LLP.

  • Stifel and William Blair are represented by Christopher Lueking and Jonathan Sarna of Latham & Watkins LLP.

As the IPO opens, Cardinal is betting that the Southeast’s surging population and infrastructure demands will construct its next chapter—beam by beam, market by market.

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