Lincoln International IPO of 21M Class A Shares Priced $18.00-$20.00
Lincoln International, Inc. filed an S-1/A registration statement for its initial public offering of 21,049,988 shares of Class A common stock, with 20,604,046 shares offered by the company and 445,942 by selling stockholders. The estimated price range is $18.00 to $20.00 per share, and the company plans to list on the NYSE under "LCLN". Post-IPO, LILP Controlling Partners will hold approximately 87% of the voting power, making Lincoln International a "controlled company". The net proceeds from the offering will be used to purchase common units from LILP, which will then use the funds for unit redemptions, fees, debt repayment, and general corporate purposes. The company also highlighted its October 31, 2025 acquisition of MarshBerry.
Key Highlights
- Lincoln International, Inc. is offering 20,604,046 Class A common shares in its IPO.
- Selling stockholders are offering an additional 445,942 Class A common shares.
- The estimated IPO price range is between $18.00 and $20.00 per share.
- The company has applied to list its Class A common stock on the NYSE under "LCLN".
- LILP Controlling Partners will control approximately 87% of voting power post-IPO.
- Net proceeds will be used to purchase common units from LILP and for debt repayment.
- MarshBerry Acquisition was completed on October 31, 2025.
- Pro forma adjusted EBT was $(0.2) million for Q1 2026 and $145.9 million for FY 2025.