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Legence Priced, Nasdaq: LGN

Provides services for mission-critical systems in technically demanding buildings.

Industry: Industrials

Latest Trade: $35.44 -0.05 (-0.1%)

First Day Return: +8.9%

Return from IPO: +26.8%

Industry: Industrials

We are a leading provider of engineering, installation and maintenance services for mission-critical systems in buildings. We focus on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. We count more than 60% of the companies in the Nasdaq-100 Index as clients. Our business is growing rapidly as data centers, manufacturers, pharmaceutical companies, hospitals, schools and universities make investments in both new and existing facilities to support growing demand for their products and services, reduce energy costs and increase resiliency. From 2021 to 2024, our revenues grew at a compound annual growth rate of approximately 39% and, after giving pro forma effect to acquisitions we made over that period, 16%. In 2024, we generated more than half of our revenues from “high growth industries,” which we define as clients operating in the data center and technology and life sciences and health care end-markets. As of June 30, 2025, we had $2.8 billion of backlog and awarded contracts, representing an increase of 29% over the same date last year. We specialize in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing (“MEP”) systems for new facilities and upgrading HVAC, lighting and building controls in existing facilities to make them more energy efficient and sustainable.
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IPO Data
IPO File Date 08/15/2025
Offer Price $28.00
Price Range $25.00 - $29.00
Offer Shares (mm) 26.0
Deal Size ($mm) $728
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/11/2025
Offer Price $28.00
Price Range $25.00 - $29.00
Offer Shares (mm) 26.0
Deal Size ($mm) $728
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Jefferies
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Company Data
Headquarters San Jose, CA, United States
Founded 1963
Employees at IPO 6,000
Website www.wearelegence.com

Legence (LGN) Performance