Blackstone to sell 11 million shares of Legence in offering By Investing.com

NodeGuardian · 2026-04-07T06:54:52+00:00

Blackstone affiliates plan to sell 11 million shares of Legence Corp. in a secondary public offering, with Legence covering some costs. This follows positive analyst upgrades and strong fourth-quarter financial results.

NodeGuardian

2026-04-07 06:54:52

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Affiliates of Blackstone Inc. are planning to sell 11 million shares of Legence Corp.'s Class A common stock through a secondary public offering. Legence itself will not sell any shares or receive proceeds from the sale, although it will cover some associated costs. This announcement follows several analyst upgrades and strong financial performance from Legence, including exceeding revenue and EBITDA expectations in the fourth quarter.

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