Investors are inundated with new tech IPOs as investment banks continue to churn out more companies capitalizing on the AI and crypto bull market. Alliance Laundry Systems, owner of the Speed Queen brand, saw shares rise 13% to nearly $25 a share in late trading. The company raised $826 million from its IPO, pricing shares at $22, valuing the company at around $5 billion.

Read more at Dow Jones & Company: Speed Queen Owner Alliance Laundry Holdings Pops in IPO