The IPO Buzz: EquipmentShare.com Sets Terms for $747.3 Million IPO

EquipmentShare.com (EQPT Proposed) unveiled the terms for its $747.3 million IPO early today – Tuesday, Jan. 13, 2026 – with plans to price the deal next week. (Please see the IPO Calendar.)

The Columbia, Missouri-based company is offering 30.5 million shares at a price range of $23.50 to $25.50 to raise $747.25 million – if the IPO is priced at the $24.50 mid-point of it range. This is a NASDAQ listing.

Goldman Sachs, Wells Fargo Securities, UBS Investment Bank and Citigroup are the joint lead book-runners.

EquipmentShare.com (EQPT Proposed) ranked as one of the fastest-growing and one of the largest U.S. construction equipment rental companies as of Sept.30, 2025, the prospectus said. EquipmentShare manages its fleet of equipment through its proprietary T3 platform, which provides tracking, preventive maintenance schedules and remote access control. About two-thirds of its revenue comes from equipment rental, while one-third comes from sales.

EquipmentShare.com would have a market cap of about $6.16 billion – if the IPO is priced at $24.50, the mid-point of its range.

“Over 90 percent of Top 50 general contractors rent with EquipmentShare.com,” according to Engineering News-Record’s Top 400 Contractors list for 2025, the prospectus said.

Excavators, bulldozers and compressors are part of EquipmentShare’s rental inventory of heavy construction equipment. The company also rents specialized HVAC equipment, power generators and pumps.

The Founders Tell The Story

In their founders’ letter, Jabbok Schlacks and Willy Schlacks said they built their first construction company as teenagers  in the early 1990s. Fast forward to 2015, when the brothers founded EquipmentShare.

CEO Jabbok Schlacks and President Willy Schlacks tell the story in their founders’ letter:

“EquipmentShare was born out of a shared conviction – seeing the industry we loved weighed down by reactive chaos, rising costs, and stagnant output. We believed that if we could create a platform with visibility across construction’s three core domains – people, equipment and materials – we could power the next leap in construction productivity. That required going fully vertical: designing the technology, building the logistics, and operating the service and rental networks that together define the customer experience.”

After the IPO, the Schlacks brothers will own Class B common stock that will represent about 81 percent of the total voting power of EquipmentShare’s outstanding common stock – making it a “controlled company” under NASDAQ’s corporate governance standards, the prospectus said.

EquipmentShare now spans 373 locations in 45 states with 7,768 employees, the prospectus said. The company manages $8.1 billion in fleet. Its customers include local and regional contractors, national builders and blue-chip industrial companies. EquipmentShare has “grown revenue at a 140 percent compounded annual rate since founding, outpacing the broader industry many times over,”  the founders’ letter said. The letter also said the company has remained profitable every fiscal year since 2020. Its fiscal year ends on Dec. 31 each year.

For the 12 months that ended Sept. 30, 2025, EquipmentShare reported $4.36 billion in revenue. However, the company was not profitable for that 12-month period, according to the prospectus,