Blackstone "nurtures" engineering giant Legence IPO priced at $28 per share, landing on Nasdaq tonight
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Engineering and maintenance service provider Legence will be listed on NASDAQ tonight, with an offering price of $28 per share, planning to issue 26 million shares, raising a total of $728 million, and achieving a market capitalization of $2.9 billion. Legence focuses on the high-tech construction sector, with clients covering over 60% of the companies in the NASDAQ 100 Index. This IPO is co-underwritten by 19 institutions, and Legence's future growth will depend on its merger and acquisition integration capabilities and the speed of data center order fulfillment
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