Generac expects to raise another $23.8 million after shares sold to underwriters

Waukesha-based Gernerac Holdings Inc. expects to raise about $23.8 million in the sale of 1.95 million shares of its common stock to the underwriters of its recent initial public offering. The shares are expected to sell for about $13 per share, and the sale is expected to close at the end of trading on Thursday.

J.P. Morgan Securities Inc., Goldman, Sachs & Co., BofA Merrill Lynch and Robert W. Baird & Co. Inc. are the book running managers for the offering. William Blair & Company, KeyBanc Capital Markets, and Stephens Inc. are the co-managers for the offering.

Once the transaction is completed, Generac will have sold roughly 20.7 million shares.