Legence Corp. (Ticker: LGN US) provides engineering, installation and maintenance services for mission-critical systems in buildings, including HVAC, process piping, lighting and other mechanical, electrical and plumbing solutions. Legence plans to list on NASDAQ on September 12, 2025, offering 26 million Class A common shares at $25.00–$29.00 per share, to raise about $702 million. At the midpoint of the range, the company’s market capitalization is approximately $2.75 billion. According to the prospectus, Legence intends to contribute all net proceeds from the offering to Legence Holdings in exchange for LGN Units, with Legence Holdings planning to use the proceeds to repay outstanding borrowings under its Term Loan Credit Facility and for general corporate purposes. The IPO will be conducted through an UP-C structure, with Blackstone funds expected to retain control. Bookrunners include Goldman Sachs, Jefferies, BofA Securities, Barclays, Morgan Stanley and others.