Legence Corp. has formally launched the roadshow for its proposed initial public offering (IPO) of 26 million shares of its Class A common stock, with a par value of $0.01 per share. The company confirmed that underwriters will also have a 30-day option to purchase up to an additional 3.9 million shares at the IPO price, less underwriting discounts and commissions.

The offering is expected to be priced between $25.00 and $29.00 per share. Legence has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “LGN.”

Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers. They are joined by a consortium of underwriters, including BofA Securities, Barclays, Morgan Stanley, RBC Capital Markets, Societe Generale, BMO Capital Markets, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, MUFG, Roth Capital Partners, Santander, Stifel, TD Cowen, BTIG and Rothschild & Co as bookrunners. Blackstone Capital Markets, Drexel Hamilton, Loop Capital Markets, Penserra Securities LLC, Tigress Financial Partners, C.L. King & Associates and Independence Point Securities will serve as co-managers.

The proposed offering will be made solely by means of a prospectus. Copies of the preliminary prospectus, once available, may be obtained from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 (telephone: 1-866-471-2526, email: prospectus-ny@ny.email.gs.com), or from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022 (telephone: 1-877-821-7388, email: prospectus_department@jefferies.com).

A registration statement on Form S-1 has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. The release emphasised that “these securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.” It further noted that the announcement “does not constitute an offer to sell or the solicitation of an offer to buy any securities” in jurisdictions where such actions would be unlawful without registration or qualification under local securities laws.

About Legence

Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. The company specialises in mechanical, electrical and plumbing (MEP) solutions, including HVAC, process piping, and energy-efficient upgrades. With a client base that includes more than 60% of the Nasdaq-100 Index, Legence serves some of the world’s most technically demanding sectors.