Investment firm StepStone Group prices IPO above the range at $18
StepStone Group, a global private markets investment firm, raised $315 million by offering 17.5 million shares at $18, above the range of $15 to $17. At pricing, the company raised 13% more proceeds than anticipated.
StepStone Group plans to list on the Nasdaq under the symbol STEP. J.P. Morgan, Goldman Sachs, Morgan Stanley, Barclays and UBS Investment Bank acted as lead managers on the deal.
The article Investment firm StepStone Group prices IPO above the range at $18 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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