Alliance Laundry Systems files for IPO on NYSE

Alliance Laundry Systems filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock, according to a company statement. The commercial laundry equipment company intends to list its shares on the New York Stock Exchange under the ticker symbol "ALH."

The Ripon, Wisconsin-based company has not determined the number of shares to be offered or the price range for the proposed offering. The company stated the offering is subject to market conditions and provided no assurance regarding completion timing or final terms.

BofA Securities and J.P. Morgan will serve as joint lead book-running managers for the offering. Morgan Stanley will act as book-running manager, while Baird, BDT & MSD, BMO Capital Markets, Citigroup, Goldman Sachs and Co. LLC, and UBS Investment Bank will serve as passive bookrunners. CIBC Capital Markets and Fifth Third Securities will act as co-managers.

Alliance Laundry Systems operates as a commercial laundry equipment provider with brands including Speed Queen, UniMac, Huebsch, Primus, and IPSO. The company serves more than 150 countries through a global distributor network and employs over 4,000 people. Its product line includes commercial washing machines, dryers, and ironers with load capacities ranging from 12 to 400 pounds.

The registration statement has been filed but has not yet become effective. The company noted that shares cannot be sold and offers cannot be accepted until the registration statement becomes effective.

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