Tyler Crowe

When looking at companies about to go public or have gone public recently, what are some of the things that you're looking at in a

when you're kind of less financial information is available.

Well, we're going to put this theory to test because after the break, we're going to look at some IPOs that are on our radar.

Thursdays, we normally do our stocks on the radar, but because we're talking so much about IPOs and new speculative companies, we thought we would add a little twist to it this time and do IPOs on our radar.

Matt, before the show, you drew short straw, so you go first.

I'm going to go a little recency biased because this company is actually going public very, very soon.

EquipmentShare.com is the actual name, and the ticker is EQPT.

It's going public, I believe, this week, perhaps even tomorrow.

It's one of those businesses that you read the founder letter, and it's really one of those ones you can't help but like.

It's a construction equipment rental company, which, sure, it sounds boring.

I get that.

But anyone who hears equipment rental for construction and thinks, oh, boring, it's going to be a lousy business, I would implore you, go look up the long-term returns of other equipment rental companies, United Rental, McGrath Rent Corp, or U-Haul, and tell me those returns are boring.

There is a lot of great performance that can be found in these sorts of businesses.

Look, it's an IPO prospectus that Equipment Share put out.

I'm going to take some of the statements it makes with a grain of salt.

What it is, is equipment rental, but it also builds telematics into all of its equipment fleets and connects them into a single software platform to better connect the job site.

There's so much phone tag and inefficiencies in the logistics aspects of construction that it has been one of the more inefficient industries we've had in the United States.

I don't know if what EquipmentShare.com is issuing is the solution to fixing the inefficiency, lack of productivity in the construction market that we've had.

But the construction industry has the worst productivity gains of all the other major industries in the United States over the past 30, 40 years.

If Equipment Share can put a dent in improving the productivity of this industry, it's a $1.2 trillion industry begging for efficiency.