Madison Air Prices Biggest US Industrial IPO in Nearly 27 Years

Madison Air Solutions Corp. raised $2.23 billion in the biggest US listing of an industrial company in close to three decades.

The Chicago-based provider of ventilation and filtration systems sold 82.7 million shares at $27 each after marketing them for $25 to $27, according to a statement Wednesday. The offering was multiple times oversubscribed, people familiar have said.