EquipmentShare Seeks $777.8 Million in Rental Firm’s US IPO (1)

EquipmentShare.com Inc. is seeking to raise as much as $777.8 million in the company’s US initial public offering.

The firm, which rents and sells equipment and technology to the construction industry, is offering 30.5 million shares for $23.50 to $25.50 each, according to a filing Tuesday with the US Securities and Exchange Commission. At the top of the range, EquipmentShare would have a market value of about $6.4 billion based on the outstanding shares listed in the filing.

Founded in 2015, the cloud-based platform allows customers to monitor the location and operational status of their equipment in real time. The ...