Alliance Laundry, Backer BDT & MSD Raise $826 Million in IPO
An employee assembles a clothes drying machine on the production line of the appliance plant.
Photographer: Oliver Bunic/BloombergAlliance Laundry Holdings Inc. and its private equity owner raised $826.3 million in an initial public offering, pricing the shares at $22 each, the top of a marketed range.
The commercial washer and dryer maker and BDT & MSD Partners increased the number of shares in the listing by 10%, according to a statement Wednesday confirming an earlier Bloomberg News report. The company sold 24.4 million shares, while BDT & MSD increased the amount it was selling to 13.2 million shares from 9.76 million shares earlier.