Sept 29 (Reuters) -
Alliance Laundry is targeting a valuation of up to $4.34
billion in its U.S. initial public offering, the commercial
laundry equipment maker said on Monday.
The Ripon, Wisconsin-based company and its backer, BDT
Capital Partners, are aiming to raise up to $751.2 million by
offering 34.1 million shares priced between $19 and $22 apiece.
October is also shaping up to be another potentially busy
month for the IPO market following a blistering start to the
fall window.
Tax firm Andersen Group, crypto custody startup BitGo
and corporate travel and expense company Navan have joined the
public IPO pipeline in recent weeks.
BofA Securities and J.P. Morgan are the lead underwriters
for the offering.
Alliance Laundry will list on the New York Stock
Exchange under the symbol "ALH."
BDT Capital Partners, an affiliate of merchant bank BDT
& MSD Partners, will own 76% of Alliance Laundry's shares
following the offering.