CHICAGO - Lincoln International, a global investment banking advisory firm, priced its initial public offering (IPO) at $20.00 per share, selling 21,049,988 shares of Class A common stock.
The pricing represents the high end of the company's anticipated range. Lincoln International granted underwriters a 30-day option to purchase an additional 3,157,498 shares at the IPO price.
Shares are expected to begin trading Wednesday on the New York Stock Exchange under the ticker NYSE:LCLN. The offering is expected to close Thursday.
At the offering price, the IPO would raise approximately $421 million, or up to $484.1 million if underwriters exercise their full option.
Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers. BMO Capital Markets, Citizens Capital Markets, and Evercore ISI are bookrunners.
The U.S. Securities and Exchange Commission declared the registration statement effective today. Lincoln International provides M&A advisory, private funds, capital markets advisory, and valuations services. The firm operates with over 1,400 professionals across more than 30 offices in 14 countries.
