Legence (LGN.US) submitted a filing to the U.S. Securities and Exchange Commission last Friday, seeking to raise up to $100 million through an initial public offering. Legence provides services for critical systems in technically demanding buildings.
The company offers engineering, installation, and maintenance services for mission-critical systems in buildings. Legence specializes in designing, manufacturing, and installing complex HVAC, process piping, and other mechanical, electrical, and plumbing systems for new facilities, while upgrading HVAC, lighting, and building control systems for existing facilities.
Legence focuses on high-growth sectors with demanding technical requirements, including technology, life sciences, healthcare, and education. More than 60% of its clients are Nasdaq 100 index component companies.
Founded in 1963 and headquartered in San Jose, California, the company generated $2.2 billion in revenue for the 12 months ended June 30, 2025. Legence plans to list on Nasdaq under the ticker symbol LGN.
The company confidentially submitted its listing application on February 14, 2025. Goldman Sachs, Jefferies, BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, Société Générale, BMO Capital Markets, Cantor Fitzgerald, Guggenheim Securities, WR Securities, Nomura Securities, MUFG Securities Americas, Roth Capital, Santander, Stifel, TD Cowen, BTIG, and Rothschild serve as joint bookrunning managers for the transaction.
The company has not yet disclosed pricing terms.
