Hamilton Lane Inc. announced the pricing of its public offering of 2,680,089 class A common shares by the company and two selling stockholders.
Set to close Sept. 12, subject to customary closing conditions, the offering is expected to fetch gross proceeds of $162.4 million.
Hamilton Lane plans to use the proceeds from its part of the offering to settle in cash exchanges of membership units in Hamilton Lane Advisors LLC held by some of its members. The company will not receive any proceeds from the sale by selling stockholders.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the offering's joint book-running managers and underwriters.
