Blackstone sells 13.4 million Legence shares at $54 each

2026-04-12 03:35:38

Abstract generation in progress

Blackstone Inc. is selling 13.4 million shares of Legence Corp. (NASDAQ:LGN) Class A common stock at $54 per share through a secondary public offering. Legence Corp. itself will not receive any proceeds from this sale, as the shares are being sold entirely by Blackstone-affiliated stockholders. This offering comes as LGN shares have seen an 80% return over the past year, with analysts expecting profitability this year.

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