NEW YORK, Jan 25, 2026, 07:26 EST — Market closed
EquipmentShare.com Inc’s Class A shares (EQPT) jumped 32.9% from their $24.50 IPO price, finishing Friday at $32.56 in their Nasdaq debut. With U.S. markets closed for the weekend, Monday will tell if this initial surge holds. (Finviz)
The company pulled in $747.3 million Thursday by selling 30.5 million shares at $24.50 apiece, hitting the top of its marketed range — a clear signal that appetite for new listings is holding strong into early 2026. EquipmentShare operates 373 locations across 45 states and employs over 7,500 people. It plans to nearly double its footprint to about 700 rental sites within five years, according to regulatory filings. (Reuters)
This matters because EQPT isn’t your typical equipment lessor. It’s pitching public investors on a software angle — real-time tracking, maintenance insights, and jobsite transparency — in an industry that normally values fleet size and the cycle.
EquipmentShare’s Class A shares kicked off trading Friday under the ticker EQPT, marking a key step in its expansion into what it dubs connected jobsites. Co-founder and CEO Jabbok Schlacks said the company aims to “transform the fragmented and underserved construction industry” with a “data-driven, connected, and built for scale” approach. His brother and co-founder, Willy Schlacks, highlighted the issue at hand: “machines sit idle” on jobsites. (EquipmentShare)
On Friday, the stock fluctuated between $28 and $33, closing the regular session before jumping to $34.50 in after-hours trading, according to data from Investing.
The IPO comes at a time when rate cuts and the buzz around AI-driven stocks have reopened the U.S. listing window, which had been shut since a government shutdown last October halted many plans. Lukas Muehlbauer, an IPOX research associate, noted that investors view the platform “as a potential mechanism to outperform the growth rates of legacy rental firms.” But he cautioned that heavy leverage during expansion could make the stock “sensitive to any pauses in the expected interest rate cutting cycle.” (Reuters)
In the coming days, investors will begin measuring EquipmentShare against established rental players like United Rentals and Herc Holdings — focusing less on buzzwords and more on fleet utilization, pricing, and how well its tech layer holds up with contractors.
The IPO is set to wrap up on Jan. 26. Selling stockholders have given underwriters a 30-day option to purchase up to 4.575 million extra shares — the so-called “greenshoe,” a standard IPO mechanism used to manage demand or smooth out volatile early trading. (EquipmentShare)
