Equipment Rental Company Boosts Market Cap by 2 Trillion Won in the U.S.

Sunbelt Rentals Holdings Inc. (NASDAQ: SUNB) jumped 5.15% on the New York Stock Exchange, closing at $66.57. Its market capitalization swelled to about $27.5 billion (approximately KRW 37 trillion), up roughly $1.5 billion (around KRW 2 trillion) in a single day. Trading volume reached about 2.54 million shares, reflecting strong short-term demand.

In early March, the company completed its U.S. re-domiciliation and corporate restructuring to make the New York Stock Exchange its primary listing venue. On March 2, it launched a new $1.5 billion share repurchase program. At the same time, Sunbelt finalized its dual listing in London and New York, replacing existing Ashtead Group shares to maintain its FTSE index inclusion while broadening its U.S. investor base.

Formerly known as the Ashtead Group, Sunbelt Rentals is an industrial equipment rental business headquartered in Fort Mill, South Carolina, and London. It operates about 1,600 locations across North America and the U.K., supplying equipment to construction and industrial sites. In March 2026, the company reorganized as a Delaware corporation and shifted its primary listing to the U.S. Under CEO Brendan Horgan, Sunbelt continues its growth story through major projects and strategic mergers and acquisitions.