Speed Queen Owner Alliance Laundry Holdings Pops in IPO
Barronsยท2025-10-09 18:42
Group 1 - The article highlights the trend of investment banks launching new tech companies in response to the bull market for artificial intelligence and cryptocurrency [1] - Alliance Laundry Systems, known for its Speed Queen brand, had a successful IPO, with shares rising 13% to just under $25 [2] - The company priced its IPO at $22, raising $826 million and achieving a valuation of approximately $5 billion [2]