Legence Corp. completes IPO of 29.5M shares at $28.00/share, repays debt

Legence Corp.

Closed IPO of 26,000,000 Class A shares at $28.00; underwriters exercised over-allotment for 3,487,627 additional shares.
Net proceeds contributed to Legence Holdings to repay term loan borrowings under Credit Agreement.
Board appointed Terrence Keenen (Chairman), Christie Kelly, Bilal Khan, Robert Nimocks, Jeffrey Sprau; adopted 2025 Omnibus Incentive Plan.
Issued 178,571 Class A and 46,680,762 Class B shares to Legence Parent in unregistered transaction exempt under Section 4(a)(2).
Entered underwriting, tax receivable, exchange, and registration rights agreements as part of the IPO.

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