TriplePoint Venture Growth BDC (TPVG) Prices 5M Share Offering at $13.65/Sh

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Go back to TriplePoint Venture Growth BDC (TPVG) Prices 5M Share Offering at $13.65/Sh

TriplePoint Venture Growth BDC Corp. Prices Public Offering of Common Stock

January 8, 2020 8:40 PM EST

MENLO PARK, Calif.--(BUSINESS WIRE)-- TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the Company) today announced that it has priced an underwritten offering of 5,000,000 shares of its common stock resulting in net proceeds exclusive of offering expenses to the Company of approximately $68.25 million, or $13.65 per share. In connection with the offering, the Company has granted the underwriters for the offering an option to purchase up to an additional 750,000 shares of the Companys common stock.

The Company expects to initially use all of the net proceeds from this offering to repay outstanding... More