Private markets asset management firm Hamilton Lane announced that it has commenced an underwritten public offering of 1.92M shares of Class A common stock, in the aggregate, to be sold by Hamilton Lane and a selling stockholder, subject to market and other conditions. Hamilton Lane intends to use the proceeds from the sale of its shares to settle in cash exchanges of membership units in Hamilton Lane Advisors, held by certain of its members. Hamilton Lane will not receive any proceeds from the sale of shares by the selling stockholder. Morgan Stanley & Co. is acting as book-running manager and underwriter for this offering.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HLNE:
- Hamilton Lane price target raised to $111 from $106 at Wells Fargo
- HAMILTON LANE INCORPORATED REPORTS THIRD QUARTER FISCAL 2024 RESULTS, WITH MANAGEMENT & ADVISORY FEES GROWING BY 17% AND ASSETS UNDER MANAGEMENT GROWING BY 12% YEAR-OVER-YEAR
- Hamilton Lane reports Q3 GAAP EPS 51c, consensus 92c
- Hamilton Lane Inc (HLNE) Q3 Earnings Cheat Sheet
- Hamilton Lane price target raised to $126 from $102 at Morgan Stanley
