NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. ("StepStone") today announced the pricing of the previously announced underwritten offering of 4,099,997 shares of StepStone's Class A common stock, at a price of $50.00 per share (before underwriting discounts and commissions) (the "Offering"). The Offering is expected to close on September 11, 2024, subject to the satisfaction of customary closing conditions.
StepStone intends to use all of the net proceeds from the Offering, after underwriting discounts and commissions and expenses, to purchase shares of Class A common stock from certain holders thereof and to pay cash upon exchange of Class B units (together with an equal number of shares of Class B common stock of StepStone) and Class C units, as applicable, by certain holders thereof. As a result, StepStone will not retain any net proceeds from the Offering, and StepStone expects the Offering will result in no dilution to existing stockholders
Goldman Sachs & Co. LLC is acting as sole book-running manager for the Offering.
StepStone has an effective registration statement (including a base prospectus) on file with the Securities and Exchange Commission (the "SEC") and has filed a preliminary prospectus supplement for the Offering. Before you invest, you should read the prospectus in that registration statement and the related preliminary prospectus supplement and other documents that StepStone has filed and will file with the SEC for more complete information about StepStone and the Offering. You may obtain these ...
