Alliance Laundry Holdings shares are trading lower after the company announced a public offering of 20.5 million shares.

Reported Earlier, Alliance Laundry Prices Upsized Offering Of 22.55M Common Shares By Selling Stockholder BDT Capital Partners At $23.50 Per Share

BMO Capital Maintains Outperform on Alliance Laundry Holdings, Raises Price Target to $31

BMO Capital analyst Ketan Mamtora maintains Alliance Laundry Holdings (NYSE:ALH) with a Outperform and raises the price target from $30 to $31.

Alliance Laundry Systems Announces Underwritten Public Offering Of 20.5M Shares By Its Principal Stockholder BDT Capital Partners

The selling stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 3,075,000 shares of the Company’s common stock. Alliance Laundry will not sell any shares of its common stock in