Company Overview - Legence's shares fell 3.6% in their Nasdaq debut, resulting in a valuation of $2.75 billion [1] - The shares opened at $27, below the offer price of $28 [1] IPO Details - Legence raised $728 million by selling 26 million shares within the marketed range of $25 to $29 [2] - The post-Labor Day IPO rush is expected to be one of the busiest in years, with potential momentum similar to the 2021 boom [1] Market Context - Klarna's IPO served as a significant test of market momentum, with its shares closing 15% higher on debut day after pricing above the marketed range [2]

Group 1 - Legence, an engineering and maintenance services provider, raised $728 million in its U.S. initial public offering [1] - The IPO reflects a trend of companies seeking to go public amid heightened market activity [1]