Sunbelt US Debut Creates Another Asset-Heavy Haven for Investors

Equipment rental company Sunbelt Rentals Holdings Inc. made its US stock-market debut on Monday, amid a recent rush by investors into asset-heavy, capital intensive businesses that can’t be replaced by artificial intelligence.

The company, which previously had its primary listing in London as Ashtead Group Plc, is now one of the largest US-listed players in the sector. Ashtead’s shares ended Friday with a market value of about £22 billion ($30 billion).