hvacrollups.com
← All signals
IPO New Apr 2026 · Chicago, Illinois Verified

Madison Air Completes Initial Public Offering

Madison Air Solutions Corporation completed its initial public offering on April 17, 2026, raising $2,584.2 million in net proceeds. The proceeds were used to repay outstanding borrowings, reducing net leverage to 3.0x post-IPO.

“On April 17, 2026, the Company completed its initial public offering (“IPO”) of 95,096,154 Class A common stock, which includes shares issued after the underwriters fully exercised their option, at an offering price of $27.00 per share. In addition, the Company issued 3,703,704 shares of Class B common stock under a concurrent private placement at a price of $27.00 per share. The Company received net proceeds from the IPO and concurrent private placement of $2,584.2 million after deducting underwriting discounts and commissions (excluding offering related expenses).”

Entities

Madison Air Solutions Corporation · Target
HVAC Sentiment: Positive

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.