StepStone Group Announces Underwritten Offering Of 4,099,997 Shares
Portfolio Pulse from Benzinga Newsdesk
StepStone Group has announced an underwritten public offering of 4,099,997 shares of its Class A common stock. The offering is expected to close on October 6, 2023, subject to customary closing conditions.
September 09, 2024 | 8:08 pm
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StepStone Group is conducting an underwritten public offering of 4,099,997 shares of its Class A common stock, which may impact its stock price due to potential dilution.
The issuance of new shares typically leads to dilution of existing shares, which can put downward pressure on the stock price. The offering is significant in size and is expected to close soon, making it relevant for investors.
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