Alliance Laundry steadies after backer BDT Capital's upsized stake sale
ALH•Recent trading history
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Ripon, Wisconsin-based ALH went public last October after its IPO was priced at $22.
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The stock hit a record intraday high of $28.23 on Aug. 5.
Deal details and ownership
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ALH said it will purchase about 3.3 million of the offering shares from the underwriters.
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BofA and JPMorgan were joint bookrunners for the offering, among other investment banks.
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Prior to the offering, private equity firm BDT Capital owned about 140.8 million shares, or 70.8% of the company's roughly 198.8 million shares outstanding, according to the prospectus.
Shares steady after upsized secondary offering
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Shares of Alliance Laundry Systems (ALH.N) were up 0.4% at $24.10 on light premarket volume on Wednesday after an upsized secondary offering was priced.
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The commercial laundry systems maker late Tuesday announced pricing of 22.55 million shares sold by BDT Capital Partners at $23.50.
