EquipmentShare plans IPO of 30.5 million shares at $23.50-$25.50 each

EquipmentShare.com Inc announced plans for an initial public offering of 30.5 million shares of Class A common stock with an expected price range of $23.50 to $25.50 per share. The equipment rental company has applied to list on the NASDAQ Global Select Market under the ticker symbol "EQPT."

The company describes itself as a leader in connected jobsite technology and one of the largest equipment rental providers in the United States. Selling shareholders may grant underwriters a 30-day option to purchase up to an additional 4.575 million shares to cover over-allotments.

Goldman Sachs & Co. LLC, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities are serving as lead book-running managers for the offering. The company has commenced its roadshow in connection with the planned IPO.

The offering remains subject to market conditions and completion is not guaranteed. A registration statement has been filed with the Securities and Exchange Commission but has not yet become effective. The securities cannot be sold until the registration statement becomes effective.

The information is based on a company press release statement.

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