Madison Air IPO Prices at $27/Share, Raising $2.2 Billion

IPO Pricing and Capital Raised

Madison Air Solutions Corporation has priced its initial public offering of 82.7 million Class A common shares at $27.00 per share.

The offering is set to raise approximately $2.2 billion, marking a significant market debut. Underwriters also have a 30-day option to purchase up to an additional 12.4 million shares at the IPO price.

Market Debut and Trading Details

The shares are scheduled to begin trading on the New York Stock Exchange on April 16, 2026, under the ticker symbol "MAIR".

The offering's closure is anticipated on April 17, 2026, subject to customary closing conditions. A concurrent private placement of $100 million in Class B shares to an entity controlled by its founder will also close simultaneously.

Underwriters and Company Profile

The IPO is led by a syndicate of major financial institutions, including Goldman Sachs & Co. LLC, Barclays, Jefferies, and Wells Fargo Securities as lead bookrunning managers.

Madison Air provides comprehensive air quality solutions for commercial and residential markets through brands such as AprilAire, Big Ass Fans, and Broan-NuTone.

Summary

The successful pricing of the Madison Air IPO reflects investor interest in the indoor air quality sector. Market participants will closely monitor the stock's performance under the ticker MAIR as it begins trading. The company's registration statement has been declared effective by the U.S. Securities and Exchange Commission.

FAQ

Q: What is the IPO price for Madison Air stock?
A: The IPO is priced at $27.00 per share for its Class A common stock.

Q: What is the ticker symbol for Madison Air?
A: The company will trade on the NYSE under the ticker symbol "MAIR".

Source: Investing.com