02:20 PM EDT, 09/02/2025 (MT Newswires) -- Blackstone (BX)-backed Legence plans to offer 26 million of its class A common stock in its initial public offering estimated to be priced between $25 and $29 per share, according to an amended registration statement filed on Tuesday with the US Securities and Exchange Commission.

The engineering and maintenance services provider, which plans to list its shares on the Nasdaq under the symbol LGN, filed for its IPO on Aug. 15.

Legence said it expects net proceeds to be about $636.9 million or about $717.5 million if the underwriters exercise in full their option to purchase additional shares based on the assumed public offering price of $27 per class A common share, which is the midpoint of the price range set.

These proceeds will be contributed to Legence Holdings in exchange for LGN units, the company said, adding that Legence Holdings plans to use these funds for the repayment of outstanding borrowings under its term loan credit facility and the remaining proceeds for general corporate purposes.

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