Dec 9 (Reuters) - Construction equipment rental provider EquipmentShare.com on Tuesday disclosed a rise in nine-month revenue in its paperwork for a U.S. initial public offering.
The Columbia, Missouri-based company's revenue rose to $2.81 billion for the nine months ended September 30, from about $2.21 billion in the year-ago period. Its net loss narrowed to $25.2 million from $47.2 million during the same period.
The U.S. IPO market has rebounded after a slowdown tied to trade-policy uncertainty,
with rising expectations of a Federal Reserve rate cut lifting executive confidence to tap public markets.
EquipmentShare.com will list on the Nasdaq under the symbol "EQPT".
Founded in 2015, EquipmentShare is a U.S. construction-technology and equipment rental firm that operates a system that links equipment and workers, helping construction sites run more smoothly, safely and cheaply through its nationwide rental network.
The company provides fleet management, tracking and maintenance tools to help contractors work more efficiently.
After a subdued finish to November, the U.S. IPO market is preparing for a year-end burst of activity as companies rush to tap a brief pre-holiday issuance window.
This week, construction services provider Cardinal Infrastructure, medical scanning center operator Lumexa Imaging, fintech firm Wealthfront are preparing to make their market debuts.
Goldman Sachs, UBS Investment and Wells Fargo are among lead book-running managers for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shailesh Kuber)
