Core Insights - Alliance Laundry Systems successfully went public on the New York Stock Exchange, with its stock price rising by 11.4% on the first day, bringing the company's market capitalization close to $4.83 billion [1] Company Overview - Alliance Laundry Systems has a history of over 117 years and specializes in manufacturing commercial washing machines, dryers, and ironing machines [1] IPO Details - The stock was issued at a price of $22 per share, which is at the top end of its target range of $19 to $22 [1] - The opening price on the first day of trading was $24.5 per share [1] Market Context - The successful IPO of Alliance Laundry Systems is a sign of recovery in the U.S. IPO market, which had previously slowed down due to concerns over Trump's trade policies [1] - Other notable companies, such as Swedish fintech company Klarna and online ticketing platform StubHub, also had successful IPOs recently [1]