EquipmentShare’s Initial Public Offering Hits the NASDAQ
EquipmentShare’s Class A common stock has begun trading on the Nasdaq Global Select Market under the ticker symbol EQPT.
The initial public offering consisted of 30.5 million shares, with underwriters granted a 30-day option to purchase up to an additional $4.6 million shares, the company said. The offering is expected to close Jan. 26. Lead book-runners were Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities.
Shares opened at $24.50 and were trading at $32.56 at market close Friday, a 32.9 percent increase from market opening.
The company reported a net loss of $25.2 million in the first nine months of last year. It did post both an operating profit and positive EBITDA, in the first three quarters of 2025, on sales of $2.8 billion, which was an increase of 27 percent from the previous year.
It was the first major IPO in the equipment rental industry in several years.
“Our vision since we founded EquipmentShare more than 10 years ago was to transform the fragmented and underserved construction industry and fuel the engine that powers America’s growth,” said Jabbok Schlacks, co-founder and CEO of EquipmentShare. “The substantial investment in infrastructure, energy, and industrial projects over the next 10 years demands a new approach – one that is data-driven, connected, and built for scale. We believe that EquipmentShare is best positioned to connect the industry, and becoming a public company allows us to extend our impact for the customers and communities we serve.”
“As contractors, we spent years on jobsites watching machines sit idle while projects fell behind schedule. It was a systemic failure of visibility,” said Willy Schlacks, co-founder and president of EquipmentShare. “We have an incredible team building the future of construction through our T3 technology platform that connects assets, materials, and people – and we believe it will support our expansion into new verticals and new sectors within and beyond construction. Now, as a public company, we are staying true to our long-term vision of bringing visibility and control to the construction industry: combining physical distribution with the transition from analog processes to a digital reality to modernize how contractors manage every facet of their projects.”
EquipmentShare, headquartered in Columbia, Mo., is No. 4 on the RER 100.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.