The IPO Buzz: EquipmentShare.com (EQPT) Prices IPO at $24.50 Mid-Point

EquipmentShare.com (EQPT) priced its IPO at $24.50 – the mid-point of its range – and sold 30.5 million shares – the number in the prospectus – to raise $747.25 million on Thursday night, Jan. 22, 2026. Columbia, Missouri-based EquipmentShare’s stock is set to start trading today –  Friday, Jan. 23, 2026 – on NASDAQ. The construction equipment rental company’s IPO had a price range of $23.50 to $25.50.

Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities led the joint book-running team.

At pricing, EquipmentShare had a market cap of $6.16 billion.

The Schlacks brothers – co-founders Jabbok Schlacks and Willy Schlacks – will hold stock with a combined 85 percent of the voting power after the IPO.

Founded in 2015, EquipmentShare intends to use the IPO’s proceeds for general corporate purposes, the prospectus said. The company is not profitable. It had about $3.27 billion in long-term debt outstanding, as of Dec. 31, 2025, according to the prospectus.

EquipmentShare manages its $8.1 billion inventory of heavy construction equipment through its proprietary T3 digital platform. Its clients – typically large general contractors – rent equipment through EquipmentShare’s own T3 platform  online – or at one of its 373 locations in 45 states, the prospectus said.

 “We have a large and diverse fleet sourced from premium brands, including John Deere, JLG, CASE, Genie, JCB, Cummins, Toyota, and Hitachi,” the prospectus said.

Excavators, bulldozers and compressors are part of EquipmentShare’s rental inventory, along with specialized HVAC equipment, power generators and pumps, according to the prospectus.

About two-thirds of EquipmentShare’s revenue comes from equipment rental, with the rest from sales, the prospectus said.

For the 12 months that ended Sept. 30, 2025, EquipmentShare had a net loss of $70 million on revenue of $4.36 billion, according to financial statements in the prospectus.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

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