Jan. 23 at 8:51 PM
The IPO market continues to rebound, with EquipmentShare. com becoming the latest unicorn to go public. The construction equipment rental company priced its IPO at
$24.50 per share, raising
$747 million and valuing the business at
$6.2 billion. Shares opened strongly and traded about 22% above the offering price on their first day, reflecting solid investor appetite for new listings.
EquipmentShare. com reported
$2.8 billion in revenue in the first three quarters of 2025, up 27% year over year, but posted a net loss of
$25.2 million over that period despite being profitable from 2022 to 2024. Management plans to use IPO proceeds mainly to expand organically, aiming to grow its footprint from more than 350 locations today to 700 by 2030 in a still-fragmented U.S. construction rental market.
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