EquipmentShare.com (EQPT.US), a U.S.-based platform for construction equipment rental and sales, disclosed the terms for its initial public offering on Tuesday. The company plans to issue 30.5 million shares at a price range of $23.50 to $25.50 per share, aiming to raise up to approximately $747 million. Based on the midpoint of the proposed price range, the company's fully diluted market capitalization would reach $6.7 billion.
As one of the largest and fastest-growing equipment rental service providers in the United States, EquipmentShare operates a digital equipment rental platform. As of September 30, 2025, it had established 342 full-service rental locations, 9 dealer outlets, and 22 building material stores across 45 states. Its equipment fleet comprises approximately 235,000 units, including owned, leased, and equipment managed through revenue-sharing agreements, with an original acquisition cost of $8.1 billion.
All equipment is connected to its proprietary T3 intelligent platform, enabling real-time tracking, predictive maintenance, and remote control to enhance worksite operational efficiency. Approximately two-thirds of the company's revenue is generated from equipment rentals, with the remainder coming from sales activities.
Beyond standard construction machinery—such as telehandlers, excavators, compact track loaders, bulldozers, and compressors—the business has expanded into specialized areas including HVAC systems, pumps, and power generation equipment. Founded in 2015, EquipmentShare achieved sales of $4.4 billion in the twelve months leading up to September 30, 2025.
The company intends to list on the Nasdaq under the ticker symbol "EQPT," with pricing expected to be finalized during the week of January 19, 2026. The offering is being managed by a syndicate of ten joint book-running managers, including Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citi, and Guggenheim Securities.
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