Deal Details

EquipmentShare Completes $859.3 Million Initial Public Offering

Industrial

EquipmentShare initial public offering

Summary

EquipmentShare.com Inc ("EquipmentShare") recently completed the closing of its initial public offering of 35,075,000 shares of its Class A common stock at a public offering price of $24.50 per share (the “Offering”). The Offering consisted of 30,500,000 shares of common stock offered by EquipmentShare and 4,575,000 additional shares of common stock sold by the selling stockholders pursuant to the full exercise of the underwriters’ over-allotment option. The Offering generated approximately $747.3 million in primary gross process for EquipmentShare and approximately $112.1 million in secondary gross process for the selling stockholders. EquipmentShare will not receive any proceeds from the sale of common stock by the selling stockholders. EquipmentShare expects to use the net primary proceeds from the Offering for general corporate purposes.

Baird served as a Bookrunner on this Offering.

About

EquipmentShare is a nationwide construction technology and equipment solutions provider dedicated to transforming the construction industry through innovative tools, platforms and data-driven insights. By empowering contractors, builders and equipment owners with its proprietary technology, T3®, EquipmentShare aims to drive productivity, efficiency and collaboration across the construction sector. With a comprehensive suite of solutions that includes a fleet management platform, telematics devices and a best-in-class equipment rental marketplace, EquipmentShare continues to lead the industry in building the future of construction. EquipmentShare is headquartered in Columbia, Missouri.

Industrial

EquipmentShare initial public offering