Advertisement
EquipmentShare, a construction equipment rental and technology-driven fleet-management company, has filed for a US IPO after recording a 27% rise in revenue to USD 2.81 billion over the first nine months of this year. The company also reduced its net loss to USD 25.2 million during the same period. It plans to list on Nasdaq under the symbol EQPT. Analysts noted that the firm's rapid expansion strategy makes it sensitive to interest-rate movements and shifts in non-residential construction, which accounts for most of its revenue.
EquipmentShare, a US-based construction equipment rental and fleet-management company, has submitted its filing for an initial public offering in the United States. The filing followed a period of steady financial improvement, supported by higher demand across its rental and technology-enabled services. Advertisement
The company recorded a 27% increase in revenue, reaching USD 2.81 billion over the nine months ending in late September. During the same period, its net loss declined to USD 25.2 million, compared with USD 47.2 million a year earlier. The improvement was driven by expanded fleet availability, stronger utilisation rates and increased customer adoption of its digital tools.
EquipmentShare operates a nationwide network that connects contractors with rental equipment and provides telematics, maintenance tracking and site-operations support. The company, founded in 2015 and headquartered in Columbia, Missouri, said in its filing that it aims to list on Nasdaq under the ticker EQPT.
Market analysts noted that the company continues to invest heavily in expanding its rental fleet, which increases its exposure to borrowing costs and interest-rate movements. They also highlighted that about 94% of EquipmentShare's revenue comes from non-residential construction, an area influenced by economic cycles and funding patterns.
The broader US IPO market has seen more activity in recent weeks, supported by expectations that interest-rate cuts may arrive next year. With several companies choosing to advance their listings before year-end, EquipmentShare's decision adds to the renewed momentum in public-market fundraising.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
