Lincoln International IPO of 21M Class A Shares Priced $18-$20 on NYSE

Lincoln International, Inc. filed an amendment for its initial public offering, proposing to sell 21,049,988 shares of Class A common stock at an estimated price range of $18.00 to $20.00 per share. The company will sell 20,604,046 shares, and selling stockholders will offer 445,942 shares. The Class A common stock will be listed on the NYSE under the symbol "LCLN." Following the offering, LILP Controlling Partners will retain approximately 87% of the voting power. The company intends to use proceeds to purchase common units from LILP, which will then use funds for redemptions, fees, debt repayment, and general corporate purposes. The company also highlighted its pro forma client revenue of $842.4 million and adjusted EBT of $145.9 million for 2025, following the MarshBerry Acquisition on October 31, 2025.