EquipmentShare IPO pops about 16% in Nasdaq debut, valuing construction tech firm above $7 billion
EquipmentShare.com began trading on Nasdaq Friday, opening at $28.50 and valuing the company near $7.16 billion, above its $24.50 IPO price. The firm raised about $747 million by selling 30.5 million shares. EquipmentShare operates 373 U.S. locations and reported a $25.2 million net loss for the first nine months of 2025 on $2.8 billion in sales.