Costar Group (CSGP) Prices 2.3M Share Upsized Common Offering at $655/Sh

CoStar Group, Inc. (NASDAQ: CSGP) announced today that it has upsized and priced its offering of 2,290,076 shares of its common stock at a price of $655.00 and granted the underwriters in the offering a 30-day option to purchase up to an additional 343,511 shares of its common stock at the same price. The offering was upsized from the previously announced aggregate offering price of $1.25 billion to an aggregate offering price of $1.5 billion. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. The offering is expected to close on May 26, 2020, subject to customary closing conditions. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions it determines to pursue in the future, to finance the growth of its business and for working capital and other general corporate purposes.

You May Also Be Interested In

• Dynex Capital prices $120M preferred stock offering at 9.375%
• Canada's Industrial Market Recovery Expected to Translate Into Positive Rent Growth by Late 2027
• Barksdale plans C$14M placement, name change, and leadership overhaul