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Legence Corp. announced it has launched a roadshow for its initial public offering of 26 million shares of Class A common stock. The company expects to price shares between $25.00 and $29.00 per share.
Underwriters will receive a 30-day option to purchase up to an additional 3.9 million shares at the IPO price, less underwriting discounts and commissions. Legence has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol "LGN."
Goldman Sachs and Jefferies are serving as joint lead book-running managers for the offering. Additional bookrunners include BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, Société Générale, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG and Rothschild & Co.
Co-managers for the proposed offering include Blackstone Capital Markets, Drexel Hamilton, Loop Capital Markets, Penserra Securities, Tigress Financial Partners, C.L. King & Associates and Independence Point Securities.