Lincoln International Sets 21 Million-Share IPO at $18-$20, Targeting Up to $423 Million
Updated
Updated · MarketWatch · May 11
Lincoln International Sets 21 Million-Share IPO at $18-$20, Targeting Up to $423 Million
8 articles · Updated · MarketWatch · May 11
$18 to $20 a share is the range Lincoln International set for roughly 21 million shares in its IPO, including stock from existing holders.
At the $19 midpoint, the Chicago advisory firm expects about $368 million in net proceeds, rising to roughly $423 million if underwriters buy another 3.08 million shares.
Current shareholders plan to sell 445,942 shares in the offering, and Lincoln has applied to list on the NYSE under the ticker LCLN.
The pricing terms largely match the company’s earlier SEC filing, moving the mid-market investment bank a step closer to its US market debut.
Amid a hot IPO market and rising inflation, can Lincoln International justify its proposed $421 million valuation?
With a $3.7 trillion 'exit bottleneck,' can Lincoln's IPO thrive or get caught in the private market jam?