The largest industrial IPO in nearly thirty years emerges: Madison Air surges 18% on its first day, fueled by AI cooling demand.
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Madison Air Solutions, an industrial cooling systems manufacturer headquartered in Chicago, completed its IPO on the U.S. stock market on Thursday, raising $2.23 billion—the largest industrial IPO in the U.S. in nearly thirty years. The stock surged 18% on its first day, reflecting the ongoing capital