New York, Jan 23, 2026, 14:15 EST
- The stock kicked off trading at $28.50, up from the $24.50 IPO price, valuing the company around $7.16 billion
- The company sold 30.5 million shares, raising roughly $747 million
- EquipmentShare merges its equipment rental services with the T3 jobsite software platform
EquipmentShare.com kicked off trading on the Nasdaq Friday with shares opening higher, valuing the construction equipment rental and software company just over $7 billion.
Investors kicked off 2026 with a renewed hunger for new issues, jumping back into the market after a rocky period that had sidelined many potential issuers.
On Thursday, EquipmentShare sold 30.5 million shares at $24.50 each, pulling in roughly $747 million. According to a regulatory filing, the company operates 373 locations across 45 states and has a workforce exceeding 7,500. Its plan is to expand to around 700 rental sites within the next five years. EquipmentShare also forecasted a net income between $5 million and $15 million for 2025, up from $2.4 million the previous year. Reuters
The company said underwriters have a 30-day option to sell up to 4.575 million additional shares—a typical IPO feature allowing banks to meet higher demand by offering more stock. The deal is expected to close on Jan. 26, with Goldman Sachs & Co. LLC, Wells Fargo Securities, UBS Investment Bank, Citigroup, and Guggenheim Securities serving as lead underwriters. Equipmentshare
EquipmentShare, launched in 2015 in Columbia, Missouri, combines a nationwide rental network with its T3 platform. This system connects machines, crews, and materials while providing real-time tracking and maintenance feedback from job sites. Equipmentshare
Chief executive Jabbok Schlacks told Reuters that the company’s “OWN” program allows outside investors to actually own rental equipment managed by EquipmentShare. “Instead of putting them on your balance sheet, you could monetize those assets,” he explained. Reuters
Schlacks pointed out that steep borrowing costs and inconsistent project schedules are driving more contractors to rent heavy equipment instead of buying it, boosting demand for rental fleets. He also mentioned that roughly 90% of the top 50 U.S. general contractors are already relying on EquipmentShare.
Reuters reported that EquipmentShare counts venture capital firm Romulus Capital and Insight Venture Partners among its backers, alongside investment adviser Anchorage Capital Group.
Barron’s reported that EquipmentShare posted a $25.2 million net loss in the first nine months of 2025, despite generating $2.8 billion in sales. The company had been profitable from 2022 through 2024. It competes against bigger players like United Rentals, Ashtead’s Sunbelt Rentals, and Herc Holdings, and is promoting its software tools to stand out. Barrons
The debut comes on the heels of crypto custody firm BitGo’s strong first-day performance Thursday. Reuters pointed to calmer market waters, several interest-rate cuts, and a surge in AI-related stocks as factors encouraging companies to revisit IPO plans shelved after the October 2025 U.S. government shutdown.
But the setup can shift quickly. Equipment rental reflects construction spending, so a drop in major projects or rising financing costs can slam demand in no time. New issues may also lose steam after the initial trading buzz fades.
EquipmentShare presented its public listing as a move to scale its business. “Becoming a public company allows us to extend our impact,” Schlacks said. Co-founder and president Willy Schlacks added that contractors have long struggled with “a systemic failure of visibility” on jobsites. Equipmentshare
Hundreds of staff packed the company’s Technology Development Center in Columbia to catch the live broadcast of the Nasdaq opening bell ceremony, the company reported. Equipmentshare
