New York, Jan 13, 2026, 14:39 (EST)
- EquipmentShare aims for a Nasdaq IPO valuation reaching as high as $6.41 billion
- The company plans to sell 30.5 million shares, priced between $23.50 and $25.50 apiece
- Investors are eyeing early-2026 deals to gauge if the U.S. listings market has truly reopened
Construction tech company EquipmentShare.com filed Tuesday to go public in the U.S., targeting a valuation up to $6.41 billion. It plans to raise as much as $777.75 million by selling 30.5 million shares priced between $23.50 and $25.50 each.
This float stands as an early and significant test in 2026 to see if IPO demand runs deep—or if last year’s surge was merely a short-lived rush on open windows.
Dealmakers see a bounce in U.S. listings by late 2025, driven by stronger equity markets and expected Federal Reserve rate cuts. This outlook is encouraging more venture-backed companies to consider going public.
EquipmentShare, founded in 2015, is based in Columbia, Missouri. The company was launched by brothers Jabbok and Willy Schlacks, according to TipRanks.
The company rents and sells construction equipment and offers what it terms jobsite technology via its T3 platform, a suite of tools designed to help contractors monitor fleets and manage worksites.
The company runs 373 locations in 45 states and employs over 7,500 people, according to its filing. It aims to grow to 700 rental sites within five years.
T3 is designed to link machines with their operators, leveraging telematics—onboard sensors and GPS—to track location, usage, and upkeep. Renaissance Capital noted that EquipmentShare’s platform manages a fleet of roughly 235,000 units, which it owns, leases, or operates under revenue-share deals.
Renaissance Capital reported that EquipmentShare recorded $4.4 billion in sales for the year ending Sept. 30, 2025. About two-thirds of that revenue came from rentals, with the balance from equipment sales. The company also revealed it has achieved roughly 140% compound annual revenue growth since its inception. EquipmentShare is projecting net income between $5 million and $15 million in 2025, up from $2.4 million the previous year.
Kat Liu, vice president at IPOX, described the tech layer as more of a “sweetener rather than a core driver” in the company’s valuation. She also noted that its “growth trajectory is hard to ignore.”
Investors will probably compare the deal to public rental companies like United Rentals and Herc Holdings, where utilisation rates and fleet management usually take center stage. EquipmentShare, however, aims to go further by pitching a combined rental and software model.
The offering consists of 30.5 million Class A shares. Selling shareholders have also agreed to grant underwriters a 30-day option to purchase an additional 4.575 million shares—a typical “greenshoe” provision to cover over-allotments. Leading the deal are Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities, the company said. https://www.equipmentshare.com/press-relea…
Romulus Capital, Insight Venture Partners, and BDT & MSD Partners back EquipmentShare. The company has filed to go public on Nasdaq with the ticker EQPT.
