Stevanato Group announces $300M ordinary shares offering

Stevanato Group announced the launch of an underwritten public offering of an aggregate of $300M of its ordinary shares. Stevanato Group is offering $150M of its ordinary shares, and Stevanato Holding S.r.l., an affiliate and major shareholder of the company, which currently holds approximately 78% of Stevanato Group’s outstanding ordinary shares, is offering $150M of its ordinary shares. Stevanato Group intends to use the net proceeds from the company offering for general corporate purposes, including to enable Stevanato Group to satisfy the requirements of its ongoing investment activities and working capital needs, and to ensure an appropriate level of operating and strategic flexibility. Morgan Stanley and William Blair are serving as joint book-running managers and as representatives of the underwriters for the offering.