The company likewise stated it has actually granted the underwriters in the providing a 30-day alternative to purchase up to an extra 432,692 shares of its typical stock at the exact same rate.
J.P. Morgan, Goldman Sachs & & Co., Citigroup, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities are functioning as joint-bookrunning supervisors, with Needham & & Business, Stephens Inc., William Blair, JMP Securities, B. Riley & & Co. and Regions Securities LLC acting as co-managers for the offering. The company stated it anticipates the offering to close on October 3, 2017, based on popular closing conditions.
CoStar anticipates to use the net profits of the offering to money all or a portion of the costs of any strategic acquisitions it may pursue in the future, in addition to finance the growth of its company and for working capital and other general business functions.
The shares are being offered pursuant to a reliable rack registration statement that has actually been filed with the United States Securities and Exchange Commission.
An initial prospectus supplement associated to the offering has actually been filed with the SEC and is available on the SEC’s site at http://www.sec.gov.. Copies of the prospectus supplement and accompanying prospectus connecting to the offering, when readily available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Opportunity, Edgewood, NY 11717 or by telephone at -LRB-866-RRB- 803-9204 or Goldman Sachs & & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone at -LRB-866-RRB- 471-2526, facsimile at -LRB-212-RRB- 902-9316 or by emailing firstname.lastname@example.org!.?.!. This press release shall not constitute an offer to offer or the solicitation of an offer to purchase, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be illegal previous to registration or credentials under the securities laws of any such state or jurisdiction. The offering of these securities will be made just by means of the prospectus supplement and the accompanying prospectus.