Madison Air Solutions Corp. ( MAIR ) shares jumped during Friday’s premarket session.

On Thursday, the company debuted on the New York Stock Exchange under the ticker symbol ‘MAIR’. The move is also tracking a generally constructive tape after Thursday’s broad gains.

IPO Size And Offering Details

The New York Stock Exchange highlighted Madison Air’s IPO, noting the company raised more than $2.2 billion in the offering.

On April 15, Madison Air priced its IPO at $27.00 per share, offering 82.7 million Class A common shares.

The company also granted underwriters a 30-day option to purchase up to an additional 12.4 million shares at the IPO price, excluding discounts and commissions.

In 2025, the company reported revenue of $3.5 billion, adjusted EBITDA margin of 26.6%, and FCF conversion of 352%.

Industry Context

A Bloomberg report on Thursday said the IPO marks the largest U.S. industrial listing since United Parcel Service Inc. ( UPS ) raised $5.5 billion in 1999, and is the biggest yet in a wave of offerings tied to the data-center boom.

Price Action

MAIR Price Action: Madison Air Solutions ( MAIR ) shares were up 1.23% at $32.14 during premarket trading on Friday, according to Benzinga Pro data.