(Reuters) -Alliance Laundry priced its upsized New York initial public offering at the top end of its marketed range, raising $826.3 million, the commercial laundry equipment maker said on Wednesday, adding to continued IPO activity amid a U.S. government shutdown.

The Ripon, Wisconsin-based company and its backer, BDT Capital Partners, sold 34.1 million shares at $22 apiece, compared to its target range of $19 to $22. The IPO valued it at $4.34 billion.

U.S. IPO activity has gained momentum in recent months after a slowdown driven by market volatility linked to trade policy uncertainty. New listings are drawing strong investor interest, signaling a revival in risk appetite.

A Federal Reserve rate cut in September further boosted confidence in new offerings.

However, the U.S. government shutdown poses a fresh risk to the recovery, as the Securities and Exchange Commission has halted IPO reviews while operating with only essential staff.

The listing follows an earlier attempt by BDT & MSD Partners to sell the company, which could have valued it at nearly $5 billion including debt, Reuters reported previously.

In 2015, Ontario Teachers' Pension Plan sold its majority stake in Alliance Laundry to BDT Capital Partners. 

Founded in 1908, Alliance Laundry manufactures commercial washing machines, dryers and ironers with load capacities of up to 400 pounds under five brands: Speed Queen, UniMac, Huebsch, Primus and IPSO.

BofA Securities and J.P. Morgan were the lead underwriters for the offering. Alliance Laundry will list on the New York Stock Exchange under the symbol "ALH" on October 9.