RSC Holdings, one of the largest equipment rental providers in North America, filed terms for its planned initial public offering with the SEC on Friday. A total of 20.8 million shares will be offered, including 8.3 million from insiders, at a proposed price range of $23 to $25. At the midpoint of the range, RSC would have an initial market cap of approximately $2.5 billion. Deustche Bank, Morgan Stanley and Lehman Brothers are joint book runners on the deal. The company has filed to be traded on the NYSE under the ticker RRR.
