Madison Air Raises $2.2B in IPO as Shares Jump 17%
Madison Air Solutions raised $2.2 billion in its IPO at $27 per share, marking the largest U.S. industrial listing since UPS’s 1999 offering and reporting 2025 revenue of $3.5 billion with a 26.6% adjusted EBITDA margin. Shares jumped 17% on their NYSE debut and gained 1.23% premarket to $32.14.
1. Madison Air’s $2.2B IPO Launch
Madison Air launched its initial public offering at $27 per share, raising $2.2 billion and becoming the largest U.S. industrial listing since UPS’s 1999 offering and the biggest IPO in the data-center sector wave.
2. 2025 Revenue and EBITDA Margin
The company reported $3.5 billion in revenue for fiscal 2025 with an adjusted EBITDA margin of 26.6%, reflecting strong operational efficiency in its core business segments.
3. Shares Surge on Debut and Premarket
Madison Air’s shares surged 17% during their first day of NYSE trading and then climbed an additional 1.23% in premarket trading to reach $32.14, signaling robust investor demand.