EquipmentShare targets $6 billion valuation in US IPO

Construction technology company EquipmentShare.com, headquartered in Columbia, Missouri, is preparing a US initial public offering that could value the business at $6.41 billion (€5.52bn). The firm offers construction equipment rental, resale, servicing, and jobsite technology through its T3 platform.

EquipmentShare.com plans to raise up to $777.75 million (€670.11m) by offering 30.5 million shares priced between $23.50 (€20.25) and $25.50 (€21.97) each. The IPO comes as US equity markets regain momentum and interest rate cuts by the Federal Reserve support a stronger 2026 outlook for public listings.

Kat Liu, vice president at IPOX, said: “The technology layer (T3 and broader digitization) adds a narrative premium versus pure rental comparables, but should be viewed as a ⁠sweetener rather than a core driver.”

Founded in 2015, EquipmentShare.com now operates across 373 locations in 45 US states and employs over 7,500 people. The company plans to expand to 700 rental sites over the next five years. Its revenue growth has averaged 140% annually since inception, with projected net income of $5 million to $15 million (€4.31m–€12.92m) in 2025, up from $2.4 million (€2.07m) the previous year.

“The growth trajectory is hard to ignore, with valuation rising from around $1.5 billion (€1.29b) in 2019 to over $6 billion (€5.17b) today. We expect healthy demand, with pricing driven by the credibility of that narrative,” Liu added.

Major investors include Romulus Capital, Insight Venture Partners, and BDT & MSD Partners, with Goldman Sachs, UBS Investment, and Wells Fargo among the lead managers. EquipmentShare.com will trade on Nasdaq under the ticker EQPT.

Follow the developments in the US construction tech sector and see how EquipmentShare.com plans to scale its operations in the complete article.

(Photo credits to EquipmentShare’s LinkedIn)