U.S. construction technology company EquipmentShare.com completed its initial public offering (IPO) on Thursday, pricing shares within the expected range and raising a total of $747.3 million, highlighting robust investor demand for startups seeking entry into public markets. The company sold 30.5 million shares at a price of $24.50 per share, aligning with its previously projected price range of $23.50 to $25.50 per share. Founded in 2015 in Columbia, Missouri, EquipmentShare.com provides services including construction equipment rentals, resale, maintenance, and jobsite technology through its proprietary T3 platform. Regulatory filings indicate the company operates from 373 locations across 45 U.S. states, employs more than 7,500 people, and plans to expand its rental site network to approximately 700 locations over the next five years. Since its inception, the company has achieved a compound annual revenue growth rate of approximately 140% and projects its 2025 net profit to land between $5 million and $15 million, compared to a net profit of $2.4 million in 2024. Goldman Sachs, UBS Investment Bank, and Wells Fargo served as the lead underwriters for the offering. EquipmentShare.com's stock is scheduled to begin trading on the Nasdaq exchange on Friday under the ticker symbol "EQPT".
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