WASHINGTON, June 9, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP) ("CoStar") today announced that the underwriters have exercised their option to purchase an additional 450,000 shares of CoStar's common stock at $160.00 per share, in addition to the 3,000,000 shares of CoStar common stock, which were purchased on June 5, 2014. J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup, SunTrust Robinson Humphrey and Wells Fargo Securities acted as joint-bookrunning managers for the offering. Needham & Company, Stephens Inc., William Blair, JMP Securities and B. Riley & Co. acted as co-managers. 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 future, to finance the growth of its business and for working capital and other general corporate purposes.
CoStar Group, Inc. Announces Exercise Of Underwriters' Option To Purchase An Additional 450,000 Shares Of Common Stock
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts