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Alliance Laundry raises $826M in U.S. IPO amid market revival
Industrial equipment firm logs strong debut with $826M haul.
Commercial laundry equipment maker Alliance Laundry priced its public debut at $22 per share, raising $826.3 million in an upsized IPO. The company, based in Wisconsin, sells heavy-duty washers and dryers to institutional clients. The $4.34 billion valuation underscores investor appetite for industrial names despite challenging macroconditions. The IPO is listed under ticker “ALH”.