NEW YORK (TheStreet) -- Shares of InfraREIT are up 16.22% to $26.73 as the real estate investment trust (REIT) begins trading on the New York Stock Exchange today after pricing 20 million shares of its common stock in its initial public offering at $23 a share. The company owns rate-regulated electric transmission and distribution (T&D) assets, such as power lines, substations, transmission towers, distribution poles, transformers and related property and assets, in Texas. Separately, the underwriters have been granted a 30-day option to purchase up to an additional three million shares of common stock from InfraREIT at the initial public offering price. The offering is expected to close on or about February 4. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. About 8.89 million shares changed hands by 11:31 a.m. in New York. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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