Lincoln International (Ticker: LCLN US) is a Chicago-based global independent investment banking advisory firm focused on the private capital markets. Founded in 1996 and headquartered in Chicago, Illinois, the firm advises private equity and private credit investors, private company owners and senior executives through M&A advisory, capital advisory, private funds advisory, valuations and other services. As of Dec. 31, 2025, Lincoln had approximately 1,400 professionals, including 161 managing directors, across more than 30 offices in 14 countries.
Lincoln plans to list on the NYSE on May 20, 2026. According to terms disclosed in its May 11, 2026 S-1/A filing, the company is offering approximately 21.05 million shares at a price range of $18.00 to $20.00 per share, raising approximately $400.0 million at the $19.00 midpoint. Estimated market capitalization is approximately $1.94 billion. Lincoln reported approximately $783.8 million of revenue and $214.1 million of net income for the year ended Dec. 31, 2025. Goldman Sachs, Morgan Stanley, BMO Capital Markets, Citizens Capital Markets and Evercore ISI are acting as joint bookrunners, with Keefe, Bruyette & Woods and Wolfe Nomura Alliance as co-managers.