Costar Group (CSGP) Announces $1.25 Billion Public Offering of Common Stock
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CoStar Group, Inc. Announces Public Offering of Common Stock
May 19, 2020 4:13 PM EDTWASHINGTON--(BUSINESS WIRE)-- CoStar Group, Inc. (Nasdaq: CSGP) (CoStar) announced it has commenced a public offering of $1.25 billion of its common stock. CoStar expects to grant the underwriters in the offering a 30-day option to purchase an additional $187.5 million of its common stock. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strategic acquisitions it determines to pursue in the... More
