Wayzata Investment Partners-backed Neff Rental began trading Friday on the NYSE under the symbol NEFF. The company raised over $157 million in its IPO, pricing shares at $15—below its expected $20 to $22 range. A construction equipment rental company, NEFF focuses on the U.S. Sunbelt region, offering products such as earthmoving, material handling and aerial equipment. Wayzata, which acquired the company in 2010 through a Chapter 11 restructuring, retained a controlling 55% post-IPO stake. NEFF traded lower by 1% to $14.85 as of Friday's market close.