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Legence (NASDAQ:LGN) has successfully completed its Initial Public Offering (IPO), selling 26,000,000 shares of Class A common stock at $28.00 per share. The underwriters also partially exercised their option to purchase an additional 3,487,627 shares.
The company began trading on the Nasdaq Global Select Market on September 12, 2025, raising net proceeds of approximately $780.2 million after deducting underwriting discounts and commissions. The funds will be used to repay a portion of outstanding term loan borrowings and for general corporate purposes.
The IPO was led by Goldman Sachs and Jefferies as joint lead book-running managers, with several other prominent financial institutions serving as bookrunners and co-managers.
Legence (NASDAQ:LGN) has announced the pricing of its initial public offering, offering 26 million shares of Class A common stock at $28.00 per share. The company expects to raise approximately $688 million in net proceeds after deducting underwriting discounts and commissions.
Trading is set to commence on September 12, 2025, on the Nasdaq Global Select Market under the ticker symbol "LGN". The underwriters have a 30-day option to purchase up to 3.9 million additional shares. The proceeds will be used to repay a portion of outstanding term loan borrowings and for general corporate purposes.
Goldman Sachs and Jefferies are serving as joint lead book-running managers for the offering, which is expected to close on September 15, 2025.
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