Legence Closes $780.2M IPO, Partially Exercises Overallotment Option

Legence Corp. has closed its initial public offering, selling 26 million shares of Class A common stock at $28.00 per share, raising approximately $780.2 million in net proceeds. The proceeds will be used for debt repayment and general corporate purposes. The company's stock began trading on the Nasdaq Global Select Market under the ticker symbol "LGN."