Madison Air Solutions Sets $25-$27 IPO Range

Madison Air Solutions announced IPO of 82.7 million Class A shares at $25‑$27 per share, to list on NYSE under ticker MAIR.
Founder Larry Gies’s Madison Industries Holdings LLC will buy $100 million of Class B shares in a private placement, securing ~95.2% voting control.
The company reported $3.3 billion revenue for FY2025, with half from replacement/upgrade demand and 10% from aftermarket parts/services.
Lead bookrunners include Goldman Sachs, Barclays, Jefferies and Wells Fargo; additional underwriters comprise BofA, Citi, RBC, and others.