Madison Air Announces Pricing of Initial Public Offering

Rhea-AI Summary

Madison Air (NYSE: MAIR) priced its initial public offering of 82,692,308 Class A shares at $27.00 per share, with a 30-day underwriter option for up to 12,403,846 additional shares. Trading is expected to begin on April 16, 2026 under ticker MAIR, and close on April 17, 2026, subject to customary conditions.

The company also agreed to a concurrent private placement of $100.0 million of Class B shares to an existing investor controlled by founder Larry Gies; the private placement will not be registered under the Securities Act.

AI-generated analysis. Not financial advice.

Positive

• 82,692,308 shares priced at $27.00
• 30-day overallotment option for 12,403,846 shares
• Concurrent private placement of $100.0 million in Class B shares

Negative

• Concurrent private placement to founder-controlled entity may concentrate voting power
• Sale and overallotment could increase outstanding shares and dilute investors

Key Figures

IPO share count: 82,692,308 shares IPO price: $27.00 per share Underwriters’ option shares: 12,403,846 shares +4 more

7 metrics

IPO share count 82,692,308 shares Class A common stock in initial public offering

IPO price $27.00 per share Public offering price for Class A common stock

Underwriters’ option shares 12,403,846 shares Additional Class A shares in 30-day option

Concurrent private placement $100.0 million Class B common stock sold to existing investor

Underwriters’ option period 30 days Period to purchase additional IPO shares

NYSE trading start date April 16, 2026 Expected first trading day for MAIR

IPO closing date April 17, 2026 Expected closing of initial public offering

Market Reality Check

Price: $43.47

normal vol

$43.47 Last Close

Market Pulse Summary

This announcement details Madison Air’s IPO terms, including 82,692,308 Class A shares at $27.00 per...

Analysis

This announcement details Madison Air’s IPO terms, including 82,692,308 Class A shares at $27.00 per share and a $100.0 million Class B private placement to an existing investor. Investors may focus on the initial float, the 30-day underwriter option for 12,403,846 additional shares, and the expected NYSE listing date. Key follow-ups include final prospectus details, lock-up provisions, and early trading liquidity around the April 16–17, 2026 launch window.

Key Terms

initial public offering, class a common stock, class b common stock, concurrent private placement, +2 more

6 terms

initial public offering financial

"announced the pricing of its initial public offering of 82,692,308 shares"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

class a common stock financial

"shares of its Class A common stock at a public offering price"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

class b common stock financial

"sell $100.0 million of its Class B common stock in a concurrent"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

concurrent private placement financial

"Class B common stock in a concurrent private placement to one"

A concurrent private placement is a sale of a company’s shares or bonds directly to a select group of investors that happens at the same time as another financing action or offering. Think of it as quietly selling a block of tickets to a few people while a larger ticket drive is underway; it raises cash quickly but can change ownership proportions, dilute existing shareholders and affect share price, so investors watch it as a sign of funding needs and potential value shifts.

prospectus regulatory

"The initial public offering is being made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

registration statement regulatory

"A registration statement relating to the securities sold in the initial public offering"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CHICAGO, April 15, 2026 /PRNewswire/ -- Madison Air Solutions Corporation ("Madison Air") today announced the pricing of its initial public offering of 82,692,308 shares of its Class A common stock at a public offering price of $27.00 per share. In addition, Madison Air has granted the underwriters a 30-day option to purchase up to an additional 12,403,846 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the New York Stock Exchange on April 16, 2026 under the ticker symbol "MAIR," and the offering is expected to close on April 17, 2026, subject to customary closing conditions.

Goldman Sachs & Co. LLC, Barclays, Jefferies and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering.

BofA Securities, Citigroup, Baird, RBC Capital Markets, Guggenheim Securities, Santander, Wolfe | Nomura Alliance and CIBC Capital Markets are acting as book-running managers.

Comerica Securities, William Blair, Stifel, Capital One Securities and PNC Capital Markets LLC are acting as co-managers.

In addition to the shares being sold in the initial public offering, Madison Air has agreed to sell $100.0 million of its Class B common stock in a concurrent private placement to one of its existing investors, an entity controlled by Madison Air's founder, Larry Gies, at a price per share equal to the initial public offering price. The sale of the shares of Class B common stock in the concurrent private placement will not be registered under the Securities Act of 1933, as amended. The closing of the concurrent private placement is expected to be completed concurrently with the closing of the initial public offering.

The initial public offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 by calling 1-888-603-5847 or by email at barclaysprospectus@broadridge.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022 by calling (877) 821-7388 or by email at Prospectus_Department@Jefferies.com; or Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@wellsfargo.com. 

A registration statement relating to the securities sold in the initial public offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Madison Air 

Madison Air is an air quality solutions provider for priority commercial and residential markets. Through its portfolio of trusted brands, including Addison, AprilAire, Big Ass Fans, Broan-NuTone, Nortek Air Solutions, Nortek Data Center Cooling and Reznor, the company helps customers improve performance, protect critical assets and create healthier indoor environments. Madison Air's mission is to make the world safer, healthier and more productive through the power of better air.

View original content:https://www.prnewswire.com/news-releases/madison-air-announces-pricing-of-initial-public-offering-302743762.html

SOURCE Madison Air Solutions Corporation

FAQ

When will Madison Air (MAIR) begin trading on the NYSE?

Madison Air is expected to begin trading on April 16, 2026. According to the company, the shares will trade under the ticker MAIR, with the offering expected to close on April 17, 2026, subject to customary closing conditions.

How many shares did Madison Air (MAIR) offer and at what price?

Madison Air priced 82,692,308 Class A shares at $27.00 per share. According to the company, underwriters have a 30-day option to purchase an additional 12,403,846 shares at the IPO price, less discounts and commissions.

What is the size and nature of the concurrent private placement for MAIR?

The company agreed to sell $100.0 million of Class B common stock in a concurrent private placement. According to the company, the private placement will be to an existing investor controlled by founder Larry Gies and is not registered under the Securities Act.

Who are the lead managers for Madison Air's (MAIR) IPO?

Goldman Sachs, Barclays, Jefferies and Wells Fargo Securities are lead bookrunning managers. According to the company, additional banks are acting as book-running managers and co-managers for the offering syndicate.

What is the underwriter overallotment in the MAIR IPO and its potential impact?

Underwriters have a 30-day option to buy up to 12,403,846 additional shares. According to the company, exercising this option would increase total shares sold and could dilute existing shareholders if exercised.

Where can investors obtain the Madison Air (MAIR) prospectus?

Investors can obtain the final prospectus for free from EDGAR at the SEC website or from lead managers. According to the company, contact details for Goldman Sachs, Barclays, Jefferies and Wells Fargo are provided for prospectus requests.