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Construction tech firm EquipmentShare valued at over $7 billion in ...
EquipmentShare raised $747.3 million by selling 30.5 million shares, debuting on Nasdaq with a 16.3% share price increase and a $7.16 billion valuation.
- Jan 23: EquipmentShare completed a U.S. IPO Thursday, raising $747.3 million and shares rose 16.3% in their Nasdaq debut, valuing the company at $7.16 billion.
- Favourable macro and sector trends, including stable market conditions, interest-rate cuts, and AI enthusiasm, prompted companies to pursue early-year listings, analysts say.
- The company sold 30.5 million shares at the mid range of $23.50 to $25.50, and the stock opened at $24.50, above the offer price.
- About 700 employees in Boone County link EquipmentShare's IPO to local jobs, while the T3 software platform helps contractors manage fleets efficiently.
- Lead book-runners included Goldman Sachs & Co. LLC, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities, while founders trace EquipmentShare back to a winning pitch at Columbia Startup Weekend.
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Latham & Watkins Advises on EquipmentShare’s US$747.25 Million IPO
EquipmentShare.com Inc (EquipmentShare), a leader in connected jobsite technology and one of the largest equipment rental providers in the United States, has announced that it priced its initial public offering of 30.5 million shares of its Class A common stock, par value US$0.00000125 per share, at a price to the public of US$24.50 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to a…
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