403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Blackstone-Backed Legence Stock Makes A Weak Nasdaq Debut
(MENAFN- AsiaNet News)
Legence Corp.'s (LGN) shares made a weak debut on Nasdaq on Friday, with the company's shares listing at $27 apiece.
At the time of writing, Legence's shares were hovering at $27.16 or 3% lower compared to the issue price of $28.
The Blackstone Inc.-backed (BX) engineering and maintenance services provider raised $728 million through the initial public offering (IPO), with 26 million shares on offer.
Blackstone acquired Legence in 2020, then named Therma Holdings, from private equity firm Gemspring Capital.
Get updates to this developing story <directly on Stocktwits<.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment