Lincoln International Valuation Hits 2.3 Billion Dollars
The Chicago-based investment bank saw its shares rise 12.6 percent in its market debut after raising 421 million dollars in an initial public offering. This listing represents the largest U.S. investment bank IPO since 2005 as the firm seeks to expand its private capital markets focus.
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Lincoln International reached a $2.3 billion valuation after shares rose 12.6% during its afternoon debut on the New York Stock Exchange on May 20. The $421 million offering represents the total raised in the IPO and is the largest Lazard investment bank IPO since the 2005 listing of Lazard. The listing provides investors rare access to a private capital markets specialist as mid-market dealmaking activity recovers.
