EquipmentShare launches public offering on Nasdaq market under EQPT tag

COLUMBIA, Mo. (KMIZ) -

Investors can now buy stock publicly of Columbia-based equipment rental company EquipmentShare.

The company began offering stock on the Nasdaq Global Select Market on Friday morning. Nasdaq lists the price of a share at $24.50 at the opening of markets. The company announced last week it would begin offering 30,500,000 shares of Class A common stock.

EquipmentShare submitted paperwork to the Securities and Exchange Commission late last year. The company said going public could help it expand from more than 300 locations to 700 across the U.S.

EquipmentShare's public offering makes it the second Columbia-based company to hit the stock exchange along with American Outdoor Brands. Central Bank in Jefferson City began offering stock publicly in November.

Officials with EquipmentShare rang the opening bell at the Nasdaq MarketSite in New York.

“While today is a celebration of our past decade of growth, our focus remains on solving the pain points of the construction industry through innovation, discipline, and a people-first culture,” co-founder and CEO of EquipmentShare Jabbok Schlacks said in a news release on Friday. “We are just getting started.”