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Alliance Laundry Announces Pricing of Upsized Initial Public Offering
Prnewswire· 2025-10-08 20:59
Core Points - Alliance Laundry Holdings Inc. has announced the pricing of its upsized initial public offering (IPO) of 37,560,974 shares at a public offering price of $22.00 per share [1] - The offering includes 24,390,243 shares sold by Alliance Laundry and 13,170,731 shares sold by a selling stockholder, with Alliance Laundry not receiving proceeds from the latter [1] - The shares are expected to begin trading on the NYSE under the ticker symbol "ALH" on October 9, 2025, with the offering expected to close on October 10, 2025 [2] Offering Details - The selling stockholder has granted underwriters a 30-day option to purchase an additional 5,634,146 shares at the initial public offering price [2] - BofA Securities and J.P. Morgan are acting as joint lead book-running managers, with Morgan Stanley as the book-running manager [3] - Additional bookrunners include Baird, BDT & MSD Partners, BMO Capital Markets, Citigroup, Goldman Sachs & Co. LLC, and UBS Investment Bank [3] Company Overview - Alliance Laundry is a global leader in commercial laundry equipment, providing high-quality laundry systems under five brands: Speed Queen®, UniMac®, Huebsch®, Primus®, and IPSO® [6] - The company serves approximately 150 countries with a workforce of over 4,000 employees [6] - Alliance Laundry offers a full line of commercial washing machines, dryers, and ironers, with load capacities ranging from 20 to 400 lb. (9 to 180 kg) [6]