IPO Journey
Lincoln International, Inc.
IPO Date: May 21, 2026 · 4 filings tracked
Final Offer Terms
Ticker
LCLN
Exchange
New York Stock Exchange
Offer Price
$20.00
Shares Offered
21,049,988
Estimated Proceeds
$421.0M
Underwriters
Led by Goldman Sachs & Co. LLC, Morgan Stanley
BMO Capital MarketsCitizens Capital MarketsEvercore ISIKeefe, Bruyette & WoodsWolfe | Nomura Alliance
Filing Timeline
1
S-1
April 24, 2026
- Ranked as the world's second-largest advisor for selling private-equity-owned businesses.
- Strong recurring revenue stream, valuing approximately 32% of all U.S. private-equity-backed companies in 2025.
2
S-1/A
May 11, 2026
- Global leader in mid-market M&A advisory, capitalizing on the massive expansion of private-equity-backed firms.
- Strong recurring revenue from business appraisals, valuing nearly one-third of all U.S. sponsor-backed companies in 2025.
Changes from previous filing
- ▸ Expected offer range: $18.0 – $20.0 per share
- ▸ Shares offered: 21,049,988
- ▸ Estimated proceeds: $378M
3
S-1/A
May 14, 2026
- Dominant mid-market advisor ranking #2 globally for private equity sales and valuing 32% of all U.S. PE-backed companies in 2025.
- Massive revenue growth from $191.9 million in 2015 to $842.4 million in 2025, driven by a 57% repeat client rate.
424B4
Final Pricing
May 21, 2026
- Thrives in a rapidly expanding private-equity-backed market, which has grown from 2,000 to over 13,600 companies since 2000.
- Supported by a massive $2.6 trillion in private equity 'dry powder' driving long-term demand for M&A advisory services.
Changes from previous filing
- ▸ Price range removed
- ▸ Final offer price: $20.0 per share
- ▸ Estimated proceeds: $420M
Disclaimer: AI-generated analysis for informational purposes only. Not financial advice. Always conduct your own research.