RIPON, Wis. — Commercial laundry equipment manufacturer Alliance Laundry Systems has launched the roadshow for the initial public offering (IPO) of 34,146,340 shares of its common stock, the company says in a press release.
Alliance will offer 24,390,243 shares and BDT Capital Partners LLC and its affiliated investment funds — Alliance’s principal stockholder, per its U.S. Securities & Exchange Commission filings — will offer 9,756,097 shares pursuant to a registration statement filed on Form S-1 with the SEC. The statement has not yet become effective.
The price range for the proposed offering is estimated to be between $19 and $22 per share.
Alliance intends to list its common stock on the New York Stock Exchange under the ticker symbol “ALH.”
According to Investopedia, a roadshow involves a company’s executive team and its underwriters pitching the newly formed company to investors.
Alliance’s proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus may be obtained by visiting EDGAR at www.sec.gov.
Alliance Laundry Systems products and solutions are available under the Speed Queen, UniMac, Huebsch, Primus and IPSO brands, and are sold and supported by a global network of select distributors. Its team of more than 4,000 employees serves more than 150 countries.
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