Rental Firm EquipmentShare.com Raises $747.3 Million in US IPO

EquipmentShare.com Inc. raised $747.3 million in its US initial public offering, pricing its shares at the midpoint of the marketed range.

The firm, which rents and sells equipment and technology to the construction industry, sold 30.5 million shares at $24.50 each after marketing them for $23.50 to $25.50 apiece, according to a statement. The offering was multiple times oversubscribed, people familiar with the matter have said.

The price gives EquipmentShare a market value of about $6.2 billion, based on the number of shares listed in its filings with the US Securities and Exchange Commission.

Founded in 2015, the company ...