Stevanato Group Announces Underwriters’ Partial Exercise of Over-Allotment Option
Stevanato Group S.p.A. Ordinary Shares (STVN)
Company Research
Source: Business Wire
PIOMBINO DESE, Italy--(BUSINESS WIRE)--Stevanato Group S.p.A. (the “Company”), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced that the underwriters of the Company’s recently completed initial public offering of its ordinary shares have exercised in part their option to acquire an additional 1,018,280 ordinary shares at $21 a share.The offering resulted in net proceeds of approximately $453.5 million to the Company after deducting underwriting discounts and commissions and other estimated offering expenses. The Selling Shareholders will receive the remaining net proceeds.Morgan Stanley, BofA Securities and Jefferies acted as lead book-running managers for the offering. Citigroup, UBS Investment Bank, KeyBanc Capital Markets, Wells Fargo Securities and William Blair acted as book runners for the offering. Houlihan Lokey served as a financial advisor to the Compan
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STVN
News
- Stevanato Group Announces Closing of Upsized Public Offering of Ordinary Shares and Exercise in Full of the Underwriters’ Option to Purchase Additional Ordinary SharesBusiness Wire
- Stevanato Group S.p.A. (NYSE: STVN) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $38.00 price target on the stock.MarketBeat
- Stevanato Group stock slides on pricing upsized stock offering to raise $330 million [Seeking Alpha]Seeking Alpha
- Stevanato Group Announces Pricing of Upsized Public Offering of Ordinary SharesBusiness Wire
- Stevanato announces $300M public offering of ordinary shares [Seeking Alpha]Seeking Alpha
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