US EditionHVAC Firm Madison Air Raises $2.2 Billion in US IPO
The company also granted underwriters a 30-day option to buy up to 12.4 million more shares at the IPO price.
- Madison Air Solutions Corporation priced its initial public offering of 82,692,308 shares at $27.00 per share on Wednesday. Trading begins today on the New York Stock Exchange under ticker symbol "MAIR."
- In addition to the public offering, Madison Air agreed to sell $100.0 million of Class B common stock in a concurrent private placement to an entity controlled by founder Larry Gies at the same per-share price.
- The agreement includes a 30-day option for underwriters to purchase up to an additional 12,403,846 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
- Scheduled to close on Friday, April 17, the offering remains subject to customary closing conditions. Goldman Sachs, Barclays, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the offering.
- Madison Air manages a portfolio including AprilAire, Big Ass Fans, Broan-NuTone, and Nortek Air Solutions to provide air quality solutions for commercial and residential markets, making the world safer and healthier.
22 Articles
22 Articles
Cruel Summer Proves Kind to Madison Air in Largest Industrial IPO of 2000s
The last time there was a debut like this, Britney Spears was topping the charts and the world was stockpiling canned goods for Y2K. Madison Air Solutions has officially claimed the title of the largest industrial IPO since UPS in 1999, pricing its $2.23 billion offering at the top of its range and surging 18.5% in its Thursday debut. While the UPS trade was about shipping and express delivery, Madison Air is about cooling the servers that powe…
St Louis Post-Dispatch
Madison Air Announces Pricing of Initial Public Offering
CHICAGO, April 15, 2026 /PRNewswire/ -- Madison Air Solutions Corporation ("Madison Air") today announced the pricing of its initial public offering of 82,692,308 shares of its Class A common stock at a public offering price of $27.00 per share. In…
Madison Air Announces Pricing of Initial Public Offering (2026-04-15)
Goldman Sachs& Co. LLC, Barclays, Jefferies and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering. BofA Securities, Citigroup, Baird, RBC Capital Markets, Guggenheim Securities, Santander, Wolfe| Nomura Alliance and CIBC Capital Markets are acting as book-running managers. In addition to the shares being sold in the...
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