Reported about 4 hours ago
Legence, an engineering and maintenance service provider backed by Blackstone, debuted on the Nasdaq with a market valuation of $2.75 billion despite a 3.6% drop in shares on its first day. The company raised $728 million in its IPO after pricing shares at $28 but opening at $27. Blackstone aims to push more of its portfolio firms to market as the IPO landscape heats up post-Labor Day.
Source: YAHOO