The construction machinery sales enterprise, EquipmentShare.com, made its debut on the Nasdaq Friday, with shares opening at $28.50 each—a 16% surge beyond its initial public offering price of $24.50. The Class A shares commenced trading under the symbol EQPT.
The Missouri-based firm allocated 30.5 million shares at $24.50 within the IPO framework, accumulating $747.3 million from investors. Upon trading commencement, the business’s market capitalization was valued at approximately $7.2 billion. EquipmentShare’s listing materialized the day following cryptocurrency firm BitGo’s introduction on the New York Stock Exchange.
Established in 2015 and headquartered in Columbia, Missouri, EquipmentShare.com delivers technology and machinery solutions for the building sector, both digitally and physically. The company’s exclusive T3 technology facilitates effective interaction between construction sector stakeholders.
The enterprise provides a fleet administration platform, telematics devices, and a machinery leasing marketplace. As of September 2025, EquipmentShare encompasses 373 locations across 45 states in the United States and employs more than 7,500 individuals. Expansion of its rental sites is projected from 342 to surpass 700.
“The substantial investments earmarked for infrastructure, energy, and industrial endeavors over the coming decade necessitate a modernized strategy – data-centric, cohesive, and adaptable. We are confident EquipmentShare is ideally positioned to unite the sector, and publicly traded status empowers us to broaden our impact on clientele and localities,” stated Jabbok Co-Founder and CEO Schlacks.
As per SEC disclosures, EquipmentShare's revenue in 2024 totaled $3.76 billion. The corporation anticipates revenue spanning $4.33–4.37 billion in 2025, with projected net earnings between $5–15 million, a rise from $2.4 million in 2024.
Source: Reuters