Alliance Laundry, Backer BDT & MSD Raise $826 Million in IPO

Alliance Laundry Holdings Inc. and its private equity owner raised $826.3 million in an initial public offering, pricing the shares at $22 each, the top of a marketed range.

The commercial washer and dryer maker and BDT & MSD Partners increased the number of shares in the listing by 10%, according to a statement Wednesday confirming an earlier Bloomberg News report. The company sold 24.4 million shares, while BDT & MSD increased the amount it was selling to 13.2 million shares from 9.76 million shares earlier.

At the IPO price, the company has a market value of $4.34 ...