Alliance Laundry prices upsized IPO at $22 per share

NEW YORK - Alliance Laundry Holdings Inc., a commercial laundry equipment manufacturer with annual revenue of $1.62 billion and EBITDA of $398.81 million in the last twelve months, has priced its upsized initial public offering at $22 per share, the company announced Wednesday in a press release statement.

The offering consists of 37,560,974 shares, with 24,390,243 shares being sold by the company and 13,170,731 shares by a selling stockholder. Alliance Laundry will not receive proceeds from shares sold by the stockholder. InvestingPro data shows the company maintains strong liquidity with a current ratio of 1.57, indicating healthy short-term financial stability.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "NYSE:ALH" on Thursday, with the offering expected to close on Friday, subject to customary closing conditions.

The selling stockholder has granted underwriters a 30-day option to purchase up to an additional 5,634,146 shares at the initial offering price, less underwriting discounts and commissions.

BofA Securities and J.P. Morgan are serving as joint lead book-running managers for the offering, with Morgan Stanley acting as book-running manager. Several other financial institutions are participating as additional bookrunners and co-managers.

A registration statement for the securities was declared effective by the Securities and Exchange Commission on September 30.

Alliance Laundry, which describes itself as a provider of commercial laundry systems, operates under five brands: Speed Queen, UniMac, Huebsch, Primus and IPSO. The company serves approximately 150 countries with more than 4,000 employees and offers commercial washing machines, dryers, and ironers with various load capacities. With a gross profit margin of 37.17%, the company demonstrates solid operational efficiency. Unlock more insights about Alliance Laundry’s financial health and growth potential with InvestingPro, which offers additional exclusive tips and detailed metrics.

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