Lincoln International, Inc.

Lincoln International, Inc. completed its initial public offering (IPO) on May 21, 2026, raising $440.5 million in net proceeds. For the second quarter of 2026, the company reported a significant increase in revenues to $225.7 million, up from $149.7 million in the prior year. However, net income attributable to Lincoln International, Inc. for the quarter was $0.46 million, a substantial decrease from $33.8 million in Q2 2025, primarily due to the new equity structure and increased noncontrolling interests post-IPO. The company also reported an operating loss of $15.9 million for the quarter.

Lincoln International, Inc. reported record financial results for the second quarter and first half ended June 30, 2026, driven by robust performance in Investment Banking Advisory and increased activity in Valuations and Opinions. Second quarter revenues surged 51% year-over-year to $225.7 million, with adjusted diluted earnings per share reaching $0.26. The company also declared a quarterly dividend of $0.07 per share and utilized IPO proceeds to repay $195.8 million in debt, enhancing its financial flexibility.

Lincoln International, Inc. completed several corporate actions in connection with its initial public offering. This included entering into a Fourth Amended and Restated Limited Partnership Agreement, a Tax Receivable Agreement, and a Voting Agreement. The company also issued 32,096,939 shares of Class B common stock and 48,860,500 shares of Class C common stock in unregistered sales. Additionally, Ms. M. Christie Smith and Mr. John W. Oleniczak were appointed to the board of directors, and employment agreements were finalized with the CEO and President. The company's Charter and Bylaws were amended to establish its authorized capital stock.

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.

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.