Infinity Natural Shares Close Up More Than 5% in IPO Debut (1)

Infinity Natural Resources Inc. climbed 5.4% in its trading debut Friday, after the oil and gas producer raised $265 million in an initial public offering.

West Virginia-based Infinity Natural’s shares closed at $21.07 each in New York, above its $20 IPO price. The trading gives the company a market value of $1.2 billion, based on the outstanding shares listed in its filings with the Securities and Exchange Commission.

Infinity Natural is the fourth energy company to IPO in the US this year, and brings the total raised to $2.5 billion. The early activity suggests a sector resurgence, after only six ...