Legence Prices Upsized Secondary Offering of 8.4M Shares at $45 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
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Source: Newsfilter
- Upsized Offering: Legence Corp. announced the pricing of an upsized secondary offering of 8,402,178 shares at $45 each, reflecting strong market demand, with the offering expected to close on December 16, 2025.
- Underwriter Participation: The offering is led by Goldman Sachs and Jefferies, with participation from multiple financial institutions, indicating strong market confidence in Legence, which may support future financing opportunities for the company.
- No Proceeds for Company: Legence will not receive any proceeds from the offering as all shares are sold by stockholders affiliated with Blackstone, allowing the company to maintain focus on its core operations rather than capital raising.
- Market Positioning: Legence specializes in engineering and maintenance services for technically demanding sectors, serving over 60% of the Nasdaq-100 Index clients, showcasing its strong competitive position and potential for sustained growth.
Analyst Views on LGN
Wall Street analysts forecast LGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGN is 45.40 USD with a low forecast of 37.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
About LGN
Legence Corp. is a provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company operates through two segments: Engineering & Consulting, and Installation & Maintenance. Its Engineering & Consulting includes Engineering & Design, and Program & Project Management. The Engineering & Consulting segment designs heating, ventilation and air conditioning (HVAC) and other mechanical, electrical and plumbing (MEP) systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable, and provides program and project management services for clients’ installation and retrofit projects. Its Installation & Maintenance includes Installation & Fabrication, and Maintenance & Service. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
