StepStone Group (STEP) Files for 4.1M Share Secondary Offering

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Go back to StepStone Group (STEP) Files for 4.1M Share Secondary Offering

StepStone Announces Secondary Offering

September 9, 2024 4:08 PM EDT

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- StepStone Group Inc. (StepStone) today announced that it intends to offer for sale in an underwritten offering 4,099,997 shares of StepStones Class A common stock (the Offering).

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... More