Long-established commercial washing machine manufacturer Alliance Laundry (ALH.US) plans to raise $500 million through an IPO, holding a 40% market share in North America.

Jin10 Financial News app learned that Alliance Laundry Holdings (ALH.US), a company that manufactures commercial washing machines and dryers for self-service laundromats, has submitted an application to the U.S. Securities and Exchange Commission last Friday, planning to raise approximately $500 million through an initial public offering (IPO). The company designs and manufactures commercial laundry systems suitable for medical facilities, hotels, self-service laundromats, fire stations, and other public places. Alliance Laundry claims to have a market share of around 40% in the commercial laundry market in North America, as well as a significant presence in other international markets.