The IPO Buzz: Alliance Laundry Holdings (ALH) Sets Terms for $700 Million IPO
Alliance Laundry Holdings (ALH Proposed) unveiled the terms for its IPO early today: 34.15 million shares at a price range of $19.00 to $22.00 – to raise $700.07 million, if priced at the $20.50 mid-point of its range. Under those terms, Alliance Laundry Holdings would have a market cap of about $4.04 billion. This is a New York Stock Exchange listing.
Of the 34.15 million shares in the IPO, the company is offering about 24.39 million shares and the principal stockholder, BDT Capital Partners, is offering about 9.76 million shares.
BofA Securities, J.P.Morgan and Morgan Stanley are leading the joint book-running team. Citigroup, Goldman Sachs and UBS Investment Bank are among the six joint book-runners named on the cover of the prospectus.
Capital International Investors and Kayne Anderson Rudnick Investment Management have indicated an interest in buying an aggregate of up to $100 million of stock in the IPO, according to the prospectus.
Alliance Laundry Holdings, based in Ripon, Wisconsin, makes commercial laundry equipment – washers and dryers – and its best-known brand is Speed Queen, according to the prospectus. The company traces its roots to 1908 when it produced the first hand-operated washing machine.
The company is profitable, according to financial statements in the prospectus: Net income of $79.01 million on revenue of about $1.62 billion for the 12 months that ended June 30, 2025.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Source: https://www.iposcoop.com/the-ipo-buzz-alliance-laundry-holdings-alh-sets-terms-for-700-million-ipo/
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