EquipmentShare.com, a construction technology firm, successfully raised $747.3 million in its US initial public offering on Thursday, pricing shares at $24.50 apiece. The offering demonstrates robust investor appetite for startup companies entering public markets as the IPO market maintains strong momentum into 2026.
Strong Valuation Within Expected Range
The company priced shares within its marketed range of $23.50 to $25.50, selling 30.5 million shares through lead book-running managers Goldman Sachs, UBS Investment Bank, and Wells Fargo. This pricing reflects solid market confidence as several startups capitalize on favorable conditions to access public capital during the first weeks of 2026.
Rapid Growth and Expansion Plans
Founded in 2015 in Columbia, Missouri, EquipmentShare.com operates a platform called T3 that provides construction equipment rentals, resale services, and jobsite technology solutions. The company currently operates 373 locations across 45 US states with over 7,500 employees, and plans to expand to approximately 700 rental sites within five years.
The construction tech company has achieved compound annual revenue growth of about 140% since launch and projects net income between $5 million and $15 million for 2025, compared with $2.4 million the previous year. Major investors backing the company include venture capital firm Romulus Capital, software-focused Insight Venture Partners, and buyout firm BDT & MSD Partners.
EquipmentShare.com is scheduled to list on the Nasdaq Friday under the ticker symbol “EQPT,” joining other notable 2026 debuts including crypto custody firm BitGo, which opened 24.6% above its IPO price earlier this week.