Stock Markets May 11, 2026 08:53 AM

Lincoln International Opens IPO Roadshow for 21,049,988 Class A Shares

Offering set with $18.00 to $20.00 per share range; Class A stock cleared for NYSE listing under ticker LCLN pending issuance notice

By Avery Klein

Lincoln International has initiated the roadshow for an initial public offering of 21,049,988 shares of its Class A common stock, setting an expected price range of $18.00 to $20.00 per share. The company has received NYSE approval to list the Class A shares under the ticker LCLN, subject to official notice of issuance. The offering is being led by Goldman Sachs & Co. LLC and Morgan Stanley, with multiple bookrunners and co-managers participating. A registration statement on Form S-1 has been filed with the Securities and Exchange Commission but has not yet been declared effective; preliminary prospectuses are available through the SEC or the lead underwriters.

Lincoln International Opens IPO Roadshow for 21,049,988 Class A Shares

Key Points

  • Lincoln International launched an IPO roadshow for 21,049,988 shares of Class A common stock with an expected price range of $18.00 to $20.00 per share.
  • The Class A shares have been approved for listing on the New York Stock Exchange under the ticker LCLN, subject to official notice of issuance.
  • Goldman Sachs & Co. LLC and Morgan Stanley are joint lead book-running managers; a syndicate including BMO Capital Markets, Citizens Capital Markets, Evercore ISI, Keefe, Bruyette & Woods, A Stifel Company, and Wolfe | Nomura Alliance is participating.

Lincoln International, a global investment banking advisory firm, has begun its initial public offering roadshow for 21,049,988 shares of Class A common stock. The company has communicated an expected pricing range of $18.00 to $20.00 per share for the offering.

The Class A common stock has been approved for listing on the New York Stock Exchange under the ticker symbol "LCLN," with the approval conditioned on receipt of the official notice of issuance. That notice remains a prerequisite to the formal listing.


Underwriting and syndicate structure

Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint lead book-running managers for the offering. Additional roles in the underwriting syndicate include BMO Capital Markets, Citizens Capital Markets and Evercore ISI as bookrunners. Keefe, Bruyette & Woods, A Stifel Company, and Wolfe | Nomura Alliance are participating as co-managers.


Regulatory filings and prospectus availability

Lincoln International filed a registration statement on Form S-1 with the Securities and Exchange Commission in connection with the proposed offering. That filing has not been declared effective by the SEC. The company has indicated that copies of the preliminary prospectus relating to the proposed offering can be obtained via the SEC's website or by contacting the lead underwriters.


Information source and limitations

The details provided here are based on a company press release statement. The firm has published the expected share count and price range, and identified the underwriting parties and filing status. Beyond the elements the company disclosed, no additional timing, final pricing, or effectiveness determinations have been provided in the release.

This article reflects only the factual information contained in the company's public release: the number of shares being offered, the expected price band, the NYSE ticker approval subject to issuance, the underwriting syndicate composition, and the SEC filing status and prospectus availability.

Risks

  • The registration statement on Form S-1 filed with the SEC has not been declared effective, meaning the offering remains subject to regulatory clearance - impacting capital markets and investment banking activity.
  • Listing approval for the Class A common stock is contingent on receipt of the official notice of issuance, so the NYSE listing is not yet final - affecting trading and secondary market timing.
  • The expected price range of $18.00 to $20.00 per share is preliminary and subject to final pricing decisions, which introduces execution and market-demand uncertainty for investors and underwriters.

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