Madison Air Jumps After Biggest US Industrial IPO Since 1999
Madison Air Solutions’ initial public offering at the New York Stock Exchange on April 16.
Photographer: Michael Nagle/BloombergMadison Air Solutions Corp. shares rose 18% after the company raised $2.23 billion in the biggest US listing of an industrial firm in close to three decades.
Shares of the provider of ventilation and filtration systems closed at $31.75 on Thursday, compared to the initial public offering price of $27 each. The company sold 82.7 million shares after marketing them for $25 to $27 apiece.