Stevanato Group (STVN) Prices 32M Share IPO at $21/sh

Stevanato Group S.p.A. (NYSE: STVN), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced the pricing of its initial public offering of 32,000,000 of its ordinary shares at a price of $21 per share.

In addition, the Company and Stevanato Holding S.r.l. have granted the underwriters a 30-day option to purchase up to an additional 4,800,000 ordinary shares at the initial public offering price, less underwriting discounts, and commissions.

In order to provide cover for the currency exposure relating to a portion of the proceeds received in the context of the offering, the Company and Stevanato Holding S.r.l. on July 6, 2021 entered into two separate hedging agreements with Morgan Stanley & Co. International PLC for a notional amount of $420,000,000.00 for the Company and $180,000,000.00 for Stevanato Holding S.r.l., which will be settled no later than July 23, 2021.

Morgan Stanley, BofA Securities and Jefferies are acting as lead book-running managers for the offering. Citigroup, UBS Investment Bank, KeyBanc Capital Markets, Wells Fargo Securities and William Blair are acting as book runners for the offering.

A registration statement relating to the shares being sold in this offering was filed with the Securities and Exchange Commission and became effective on July 15, 2021. The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained, when available, from Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, NY 10014, or by email to [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

You May Also Be Interested In

• Charter Communications closes $4.75 billion senior secured notes offering
• Norwegian Cruise Line Holdings (NYSE: NCLH) PT Raised to $20 at UBS
• Andersen Group launches secondary offering of 4.28M shares