By Stephen Nakrosis
Madison Air Solutions said its 82.6 million-share initial public offering has been priced at $27 per share.
They are expected to begin trading on the New York Stock Exchange on Thursday under the symbol MAIR.
Madison Air's brands include Nortek Air Solutions and Nortek Data Center Cooling, as well as Zephyr, PoolPak, Reznor and others.
The IPO could raise about $2.2 billion, making it the largest IPO of the year, Barron's reported.
Underwriters will receive a 30-day option to purchase up to an additional 12.4 million shares of Madison Air's Class A common stock at the IPO offering price, less underwriting discounts and commissions, the company said.
Concurrent with the IPO, $100 million in Class B common stock will be sold in a private placement to an entity controlled by Madison Air's founder, Larry Gies, the company added.
The offering is expected to close on April 17, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 15, 2026 17:22 ET (21:22 GMT)
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