Hamilton Lane prices $135M stock offering
Money manager Hamilton Lane (NASDAQ:HLNE) priced a public offering of 3.94 million shares of its common stock for $34.25 per share, which would equal $135 million. The Bala Cynwyd, Pa.-based company has also granted the underwriters a 30-day option to purchase up to an additional 591,001 shares, which would amount to $20 million. J. P. Morgan and Morgan Stanley are acting as lead joint book-running managers for the offering. Goldman Sachs & Co. is acting as lead co-manager and Keefe, Bruyette & Woods, Wells Fargo Securities and Freeman & Co. Securities are acting as co-managers.
By Jeff Blumenthal – Reporter, Philadelphia Business Journal