Alliance Laundry Shares Advance 13% After $826 Million IPO
Alliance Laundry Holdings Inc. signage during the company's initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York on Oct. 9.
Photographer: Michael Nagle/BloombergAlliance Laundry Holdings Inc. shares rose 13% after the company and its private equity backer raised $826.3 million in its initial public offering.
The commercial washer and dryer maker’s stock closed at $24.82 on Thursday in New York, versus an IPO price of $22 each. The company sold 24.4 million shares and BDT & MSD Partners sold 13.2 million in the offering, which was upsized by 10% and priced at the top of a marketed range.