WASHINGTON, June 5, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP) ("CoStar") today announced it has priced a public offering of 3,000,000 shares of its common stock at $160.00 per share. The offering was upsized from the previously announced public offering of 2,000,000 shares of common stock. The Company has granted the underwriters in the offering a 30-day option to purchase up to an additional 450,000 shares of its common stock. CoStar Group expects to receive net proceeds of $460.1 million, or $529.2 million if the underwriters exercise in full their option to purchase additional shares, after deducting underwriting discounts and commissions and other estimated offering expenses. Subject to customary conditions, the offering is expected to close on or about June 11, 2014.
CoStar Group, Inc. Announces Upsizing And Pricing Of Common Stock Offering
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