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Reported Earlier, StepStone Prices Secondary Offering Of 4,099,997 Shares At $50/Share

Author: Benzinga Newsdesk | September 10, 2024 03:30am

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

Posted In: STEP


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