StepStone Announces Secondary Offering

09:39pm, Monday, 15'th Nov 2021 Intrado Digital Media
NEW YORK, Nov. 15, 2021 (GLOBE NEWSWIRE) -- StepStone Group Inc. (“StepStone”) today announced that certain of its stockholders (the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering 4,500,000 shares of StepStone’s Class A common stock (the “Offering”). The Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of StepStone’s Class A common stock. The Selling Stockholders will receive all of the net proceeds from the Offering. StepStone is not offering any shares of its Class A common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares.
US-based investment firm StepStone Group has gathered $2.13 billion for its StepStone VC Secondaries Fund V, per a regulatory filing.
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