Madison Air goes public in $2.23B offering

Madison Air completed one of the largest cooling-infrastructure IPOs, raising $2.23 billion and capping a period of significant capital inflow into the HVAC and thermal management sectors.

“One of the largest cooling-infrastructure names hit the public markets in a $2.23 billion offering, capping an extraordinary stretch of capital flowing into HVAC and thermal management from every direction at once.”

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