Alliance Laundry launches IPO roadshow with price range of $19-22

Alliance Laundry Holdings Inc. announced it has launched the roadshow for its initial public offering of 34,146,340 shares of common stock. The commercial laundry equipment company plans to offer 24,390,243 shares while a selling stockholder will offer 9,756,097 shares.

The company has set a price range of $19.00 to $22.00 per share for the offering. Underwriters have a 30-day option to purchase up to an additional 5,121,951 shares from the selling stockholder at the IPO price, less underwriting discounts and commissions.

Alliance Laundry has applied to list its common stock on the New York Stock Exchange under the ticker symbol ALH. The company filed a registration statement on Form S-1 with the Securities and Exchange Commission for the offering.

BofA Securities and J.P. Morgan are serving as joint lead book-running managers for the IPO. Morgan Stanley is acting as book-running manager, while Baird, BDT & MSD Partners, BMO Capital Markets, Citigroup, Goldman Sachs & Co. LLC and UBS Investment Bank are additional bookrunners.

CIBC Capital Markets, Fifth Third Securities and PNC Capital Markets LLC are serving as co-managers for the offering.

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