IPOs & Listings
Lincoln International Lock-Up on 32,500 Class A Shares Ends November 15, 2026
By News Desk ·
Key takeaways
- 32,500 Class A common shares of Lincoln International were locked up for 180 days from May 19, 2026 to November 15, 2026.
- After the lock-up expires, 78,000 rollover Class A shares and 32,500 Class A shares held by non-employee directors become eligible for sale.
- Lincoln International raised $421 million in its May 20, 2026 NYSE debut, selling 21 million shares at $20 each.
Lincoln International's 180-day lock-up on 32,500 Class A common shares ended on November 15, 2026, with the restriction running from May 19, 2026, according to MarketScreener. The investment banking advisory firm's executive officers, directors and holders of substantially all outstanding capital stock, including the LILP Controlling Partners, were bound by lock-up agreements with the offering's underwriters.
How the Lincoln International Lock-Up Worked
The agreements restricted share transfers for 180 days from the prospectus date without consent from the underwriters' representatives. Once the period expired, 78,000 shares of Rollover Class A common stock and 32,500 shares of Class A common stock held by non-employee directors became eligible for sale, unless the representatives consented in writing to an earlier sale.
A separate set of holdings carries longer restrictions. The 10,262,850 shares of Class A common stock held by Other Senior Professionals and Messrs. Lawson, Barr and Brown received in the Corporate Mergers, 679,623 shares of Rollover Class A common stock and 70,325,893 shares of Class A common stock issuable upon exchange of outstanding Class B and Class C common stock are subject to lock-up agreements with the company or LILP. Those shares are generally locked for two years following the registration statement's effectiveness date, after which they become transferable in three equal installments on the second, third and fourth anniversaries of that date.
Lincoln International describes itself as an investment banking advisory firm focused on the private capital markets, operating through Investment Banking Advisory and Valuations and Opinions segments.
Lincoln International's May 2026 Listing
According to akta.pro company records, Lincoln International completed its New York Stock Exchange debut on May 20, 2026 under ticker LCLN, raising $421 million through the sale of 21 million shares at $20 each, the top of the range. The listing valued the firm at approximately $2.04-2.3 billion, and the shares surged 12.6% on debut, opening at $22.51.
The same records show full year 2025 revenue of $783.8 million, up 35% from $578.7 million in 2024, and one funding round on file: a post-IPO equity round in August 2026 with four investors.
| Lincoln International figure | Value |
|---|---|
| IPO proceeds (May 2026) | $421 million |
| Shares sold at $20 each | 21 million |
| IPO valuation | $2.04-2.3 billion |
| Full year 2025 revenue | $783.8 million |
| Full year 2024 revenue | $578.7 million |
Lincoln International's Private Market Index Readings
Lincoln International reported that its Lincoln Private Market Index rose 2.8% in Q3 2026, driven by earnings growth while multiples stayed flat, PR Newswire reported. In the same reading, 72% of companies grew revenue and 64% grew EBITDA, while 6% of loans showed Bad PIK.
The index increased 1.9% in Q2 2026, driven primarily by EBITDA growth rather than multiple expansion, Stock Titan reported. Lincoln International also reported that business fundamentals for private companies improved in Q2 2026, with year-over-year revenue growth reaching 70.7% and EBITDA growth rising to 64.0%, PitchBook reported.
Lincoln International's November 10 Appearance
CEO Rob Brown will participate in a fireside discussion at the 2026 BMO Financials Conference on November 10, 2026, at 8:45 a.m. ET, PR Newswire reported. A live audio webcast will be available on the company's Investor Relations website, with a replay following the conference.