Lincoln International Announces Pricing of Initial Public Offering

Lincoln International, Inc. has announced the pricing of its initial public offering (IPO) of 21,049,988 shares of its Class A common stock at $20.00 per share. The offering is set to begin trading on the New York Stock Exchange (NYSE) on May 20, 2026, under the ticker symbol "LCLN." The IPO is expected to close on May 21, 2026, subject to customary closing conditions. Additionally, underwriters have been granted a 30-day option to purchase an additional 3,157,498 shares at the initial offering price, less underwriting discounts and commissions.

Lincoln International is a global investment banking advisory firm that provides services to business owners, private equity firms, and corporations. The firm specializes in mergers and acquisitions advisory, private funds and capital markets advisory, as well as valuations and fairness opinions. With over 1,400 professionals across more than 30 offices in 14 countries, Lincoln International has established itself as a trusted advisor in the investment banking sector, leveraging extensive industry knowledge and relationships to deliver strategic insights and market intelligence.

The decision to go public comes at a time when the investment banking sector is experiencing a resurgence, driven by a robust deal-making environment and increased activity in capital markets. The IPO market has seen a steady recovery following a period of volatility, with firms seeking to capitalize on favorable market conditions. By entering the public markets, Lincoln International aims to enhance its visibility and access to capital, enabling it to further expand its service offerings and strengthen its competitive position.

Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers for the offering, with BMO Capital Markets, Citizens Capital Markets, and Evercore ISI serving as bookrunners. The involvement of these prominent financial institutions underscores the anticipated demand for Lincoln International's shares and reflects confidence in the firm's growth prospects.

The broader implications of Lincoln International's IPO may signal a renewed interest in investment banking firms as they seek to leverage public capital for growth and expansion. As the market continues to evolve, the successful execution of this offering could pave the way for other firms in the sector to consider similar strategies, potentially leading to increased activity in the IPO space. Investors will be closely monitoring the performance of Lincoln International's shares post-IPO, as it may serve as a bellwether for the future trajectory of the investment banking industry.