NASDAQ:LGN 8 January 2026 - 23 February 2026

Legence Corp shares fell 0.4% to $55.01 in premarket trading Monday after a 16.8% surge Friday. Investors are watching for possible selling pressure as post-IPO lock-ups near expiry and await earnings set for March 27. The company, which serves data center clients, priced its IPO at $28 in September.

Legence shares jumped 7.1% to $49.59 Friday, nearing their 52-week high, with volume at 1.43 million. The move followed full exercise of an over-allotment option by Blackstone-linked shareholders and comes as the company integrates its $200 million Bowers Group acquisition. U.S. markets close Monday for Martin Luther King Jr. Day, reopening Tuesday. The IPO lock-up expires March 11, 2026.

Legence shares rose 7.1% Friday to $49.59, nearing their 52-week high and surpassing the $45 mark set in a recent Blackstone-linked secondary sale. The stock outpaced rivals EMCOR and Comfort Systems USA. Legence completed its $325 million cash-and-stock acquisition of The Bowers Group earlier this month. U.S. markets closed nearly flat ahead of the long weekend.