Core Viewpoint - Legence (LGN.US) successfully launched its IPO on the US stock market, opening at $28.67, a 2.3% increase from the IPO price of $28, indicating strong market interest in the company [1] Company Overview - Legence operates in the high-growth, high-technical-requirement construction sector, focusing on technology (especially data centers), life sciences, healthcare, and education [1] - The company serves over 60% of the constituents of the NASDAQ 100 index, showcasing its significant market presence [1] - With over a century of history, Legence specializes in designing and installing HVAC systems and providing solutions to enhance building energy efficiency and sustainability [1] Financial Performance - For the 12 months ending June 30, 2025, Legence reported revenues of $2.2 billion [1] - The company has a substantial backlog, with uncompleted orders and awarded contracts totaling $2.8 billion [1] Strategic Growth - Blackstone acquired Legence (formerly known as Therma Holdings) from Gemspring Capital in 2020, and through strategic acquisitions of smaller competitors like A.O. Reed, OCI Associates, and P2S, transformed it from a regional HVAC contractor into a national energy services platform [1] - This strategic growth has resulted in a doubling of the company's valuation [1]
美股异动 | 工程和维护服务提供商Legence(LGN.US)登陆美股市场 开盘涨2.3%
智通财经网·2025-09-12 17:30