Madison Air Launches Roadshow for Proposed Initial Public Offering

Rhea-AI Summary

Madison Air (NYSE:MAIR) launched a roadshow for a proposed initial public offering of 82,692,308 shares, with an expected price range of $25.00 to $27.00 per share.

The company intends to list on the New York Stock Exchange and use net proceeds primarily for repayment of certain indebtedness. The offering is subject to SEC registration becoming effective and will be made only by prospectus.

AI-generated analysis. Not financial advice.

Positive

• Proposed IPO size of 82,692,308 shares
• Expected price range $25.00–$27.00 per share
• Listing on NYSE under ticker MAIR could increase liquidity
• Net proceeds earmarked for debt repayment to reduce leverage

Negative

• Share dilution from issuance of 82.7M new shares
• Offering contingent on SEC registration not yet effective
• Proceeds focused on debt not on growth initiatives

CHICAGO, April 6, 2026 /PRNewswire/ -- Madison Air today announced the launch of the roadshow for its proposed initial public offering of 82,692,308 shares of common stock. The initial public offering price is currently expected to be between $25.00 and $27.00 per share. Madison Air intends to list its shares on the New York Stock Exchange under the ticker symbol "MAIR".

Madison Air intends to use the net proceeds from the offering for repayment of certain indebtedness.

Goldman Sachs & Co. LLC, Barclays, Jefferies and Wells Fargo Securities are acting as joint lead book-running 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 joint bookrunners.

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

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering 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.

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 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 has a portfolio of leading air quality businesses that operate in high-value niches adjacent to traditional HVAC across 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-launches-roadshow-for-proposed-initial-public-offering-302734681.html

SOURCE Madison Air

FAQ

How many shares is Madison Air (MAIR) proposing to sell in its April 6, 2026 IPO roadshow?

Madison Air is proposing to sell 82,692,308 shares in the proposed IPO. According to Madison Air, the planned share count is stated in the roadshow materials and will be included in the final prospectus when effective.

What is the expected per-share price range for Madison Air (MAIR) in the proposed IPO?

The expected IPO price range is $25.00 to $27.00 per share. According to Madison Air, this preliminary range may change before the registration statement becomes effective and the final prospectus is filed.

What will Madison Air (MAIR) use the net proceeds from the proposed April 6, 2026 IPO for?

Madison Air intends to use net proceeds primarily for repayment of certain indebtedness. According to Madison Air, the offering proceeds are designated to reduce outstanding debt rather than fund expansion or capex.

Where will Madison Air (MAIR) list its shares after the proposed IPO and what is the ticker?

Madison Air intends to list on the New York Stock Exchange under the ticker MAIR. According to Madison Air, listing on NYSE is planned pending completion of the offering and SEC effectiveness.

When will Madison Air (MAIR) start selling shares to investors in the proposed IPO?

Shares cannot be sold until the SEC registration statement becomes effective and the prospectus is final. According to Madison Air, no offers or sales will occur prior to registration effectiveness and prospectus distribution.