Legence files to sell 11M shares of Class A common stock for holders

Legence (LGN) announced that selling stockholders affiliated with Blackstone (BX) intend to offer and sell 11M shares of Legence’s Class A common stock in a secondary underwritten public offering. Legence is not selling any shares of common stock in the offering and will not receive any proceeds from the sale of shares by the selling stockholders. Goldman Sachs & Co., Jefferies and BofA Securities are acting as joint lead book-running managers and Blackstone Capital Markets is acting as a co-manager for the proposed offering.