Stevanato Group Announces Closing of Upsized Public Offering of Ordinary Shares and Exercise in Full of the Underwriters’ Option to Purchase Additional Ordinary Shares
Stevanato Group S.p.A. Ordinary Shares (STVN)
Company Research
Source: Business Wire
PIOMBINO DESE, Italy--(BUSINESS WIRE)--Stevanato Group S.p.A. (NYSE: STVN) (“Stevanato Group,” or the “Company”), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced the closing of its previously announced upsized underwritten public offering of an aggregate of 14,605,000 of its ordinary shares, which includes the full exercise of the underwriters’ option to purchase 1,905,000 additional ordinary shares, at a public offering price of $26.00 per share.Stevanato Group sold 7,302,500 ordinary shares (the “Company Offering”), and Stevanato Holding S.r.l., an affiliate and major shareholder of the Company (the “Selling Shareholder”), sold 7,302,500 ordinary shares (the “Selling Shareholder Offering” and, together with the Company Offering, the “Offering”).The total gross proceeds from the Offering, before deducting underwriting discounts and commissions and offering expe
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STVN
News
- Stevanato Group to Report First Quarter 2024 Financial Results on May 9, 2024Business Wire
- Stevanato Group (STVN) to Report Q1 Results: What You Should Expect [Yahoo! Finance]Yahoo! Finance
- Stevanato Group S.p.A. (NYSE: STVN) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $30.00 price target on the stock.MarketBeat
- Stevanato Group S.p.A. (NYSE: STVN) is now covered by analysts at BNP Paribas. They set an "outperform" rating on the stock.MarketBeat
- Italy's Frugal Pharma Billionaire Eyes Place Among Global Leaders in Drug Injection Devices [BNN Bloomberg (Canada)]BNN Bloomberg
STVN
Earnings
- 3/7/24 - Miss
STVN
Sec Filings
- 3/27/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/25/24 - Form 6-K
- STVN's page on the SEC website