Reported about 10 hours ago
Legence, an engineering and maintenance services provider backed by Blackstone, successfully raised $728 million in its U.S. initial public offering, pricing 26 million shares at $28 each. The company's valuation now stands at $2.85 billion. This IPO reflects a rebound in the U.S. market, with investor interest growing due to strong equity performance and easing concerns over tariffs. Legence, which focuses on systems related to energy efficiency and sustainability, plans to list on Nasdaq under the symbol 'LGN'.
Source: YAHOO