Legence Corp

LGN

Market cap $2.42B

SAN JOSE, Calif., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Legence Corp. (Nasdaq: LGN) (“Legence” or the “Company”) today announced that it will release results for the third quarter ended September 30, 2025 on Friday, November 14, 2025, prior to the market open.

SAN JOSE, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Legence Corp. (Nasdaq: LGN)  (“Legence” or the “Company”) today announced the amendment of its $798 million Term Loan Credit Facility, extending the maturity date by three years to December 16, 2031 and reducing the applicable interest rate to Secured Overnight Financing Rate (“SOFR”) plus 2.25%, representing a 25 basis point reduction in pricing. The Company also announced the amendment of its Revolving Credit Facility, increasing the aggregate commitment amount to $200 million from $90 million, extending the maturity date by approximately four years to September 22, 2030, and setting the applicable interest rate to SOFR plus 2.25%, in alignment with the Term Loan Credit Facility.

Q3 2025 IPO filings have reached 104 with two weeks left in the quarter, making it the strongest quarter since Q1 2022. After six large public offerings hit the tape last week, all eyes are on expected debuts from StubHub and Netskope this week. An anticipated Fed rate cut on Wednesday could fuel the fire of public debuts even more as we head into Q4 and 2026.

Legence Corp. debuts with modest IPO gains, offering technical building system installations amid rising demand from data centers, AI, and electrification trends. The company trades at lower sales multiples than peers due to thinner margins, but strong positioning in high-growth sectors adds appeal. Valuation appears reasonable on a sales basis, but earnings multiples remain high; margin improvement and execution are crucial for upside potential.

Last week's barrage of IPO activity continues this week with expected debuts from Stubhub and Netskope.  According to our IPO data, licensed from IPOScoop, six companies IPO'd last week, kicking off with the long-awaited debut from Swedish payments company Klarna (KLAR) on Wednesday.

SAN JOSE, Calif., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Legence Corp. (“Legence”) announced today the closing of its initial public offering (the “offering”) of 26,000,000 shares of its Class A common stock (the “Common Stock”) at a price to the public of $28.00 per share. In addition, the underwriters partially exercised their option and purchased 3,487,627 additional shares of Common Stock. The Common Stock began trading on the Nasdaq Global Select Market (“Nasdaq”) on September 12, 2025 under the ticker symbol “LGN.”

Engineering and maintenance services provider Legence raised $728 million in its U.S. initial public offering on Thursday, adding its name to the string of companies looking to go public amid heightened investor enthusiasm.

SAN JOSE, Calif.--(BUSINESS WIRE)--Legence Corp. (“Legence”) announced today the pricing of its initial public offering (the “offering”) of 26,000,000 shares of its Class A common stock (the “Common Stock”) at a price to the public of $28.00 per share. The underwriters of the offering were granted a 30-day option to purchase up to an additional 3,900,000 shares of Common Stock at the initial public offering price, less underwriting discounts and commissions. The Common Stock is expected to begi.

One small IPO and two SPACs debuted this week. Nine IPOs and four SPACs submitted initial filings. Klarna is among 6 large deals set to IPO in the coming week.

Engineering and maintenance services provider Legence is targeting a valuation of up to $2.95 billion in its U.S. initial public offering, it said on Tuesday, as the new listings market kicks back into action after the seasonal summer slowdown.