(Reuters) -Engineering and maintenance services provider Legence said on Tuesday it was targeting a valuation of up to $2.95 billion in its U.S. initial public offering. San Jose, California-based Legence, a Blackstone portfolio company, is seeking up to $754 million by offering 26 million shares priced between $25 and $29 apiece. With the new listings […]
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Blackstone-backed Legence targets nearly $3 billion valuation in US IPO
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(Reuters) -Engineering and maintenance services provider Legence said on Tuesday it was targeting a valuation of up to $2.95 billion in its U.S. initial public offering.
San Jose, California-based Legence, a Blackstone portfolio company, is seeking up to $754 million by offering 26 million shares priced between $25 and $29 apiece.
With the new listings market buzzing after blowout debuts of high-profile firms, Blackstone is preparing more companies to go public than any other time since the record IPO year of 2021.
Goldman Sachs and Jefferies are the lead underwriters. Legence will list on the Nasdaq under the symbol “LGN.”
(Reporting by Arasu Kannagi Basil and Ateev Bhandari in Bengaluru; Editing by Sahal Muhammed)