Lincoln International, an investment banking advisory firm focused on private capital markets, announced terms for its IPO on Monday.
The Chicago, IL-based company plans to raise $400 million by offering 21 million shares (2% secondary) at a price range of $18 to $20. At the midpoint of the proposed range, Lincoln International would command a fully diluted market value of $2.0 billion.
Lincoln International is a global independent investment banking advisory firm focused on the private capital markets, focused on advising private equity and private credit investors, private company business owners, and other senior executives. The company provides private capital markets expertise across two segments: Investment Banking Advisory, and Valuations and Opinions. Lincoln serves clients and operates its business from more than 30 offices across 14 countries throughout the Americas, Europe, Middle East, and Asia.
Lincoln International was founded in 1996 and booked $809 million in revenue for the 12 months ended March 31, 2026. It plans to list on the NYSE under the symbol LCLN. Goldman Sachs, Morgan Stanley, BMO Capital Markets, Citizens JMP, and Evercore ISI are the joint bookrunners on the deal. It is expected to price the week of May 18, 2026.
