Investment banking advisory firm Lincoln International files for a $100 million IPO
May 11, 2026 News
Lincoln International, an investment banking advisory firm focused on private capital markets, announced terms for its IPO on Monday.
The Chicago, IL-based company plans to raise $400 million by offering 21 million shares （2% secondary） at a price range of $18 to $20. At the midpoint of the proposed range, Lincoln International would command a fully diluted market value of $2.0 billion.
IPO Overview
Lincoln International, an investment banking advisory firm focused on private capital markets, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Lincoln International is a global independent investment banking advisory firm focused on the private capital markets, focused on advising private equity and private credit investors, private company business owners, and other senior executives. The company provides private capital markets expertise across two segments: Investment Banking Advisory, and Valuations and Opinions. Lincoln serves clients and operates its business from more than 30 offices across 14 countries throughout the Americas, Europe, Middle East, and Asia.
The Chicago, IL-based company was founded in 1996 and booked $784 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE under the symbol LCLN. Lincoln International filed confidentially on May 4, 2022. Goldman Sachs, Morgan Stanley, BMO Capital Markets, Citizens JMP, and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
About the Company
We are a global independent investment banking advisory firm focused on the private capital markets. As a leader in advising private equity and private credit investors, private company business owners and other senior executives, our globally integrated platform allows us to deliver comprehensive, sector-focused advisory services to clients across key areas of the economy. Our experienced professionals provide meaningful and differentiated private capital markets expertise across our two segments, Investment Banking Advisory and Valuations and Opinions. Since our founding in 1996, we have experienced significant growth achieved through investments in our talent, our platform, the complementary capabilities we offer — including our growing, recurring, and non-cyclical valuations business — and the strategic positioning of the firm. As a result, we have built a platform to support clients in attracting capital and investing with purpose, driving value and realizing returns. As of December 31, 2025, approximately 1,400 professionals, including 161 managing directors, serve our clients and operate our business from more than 30 offices across 14 countries throughout the Americas, Europe, Middle East and Asia. Mergermarket has ranked us the #2 sell-side advisor for private equity transactions globally over the three years ending December 31, 2025.