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StepStone Group Priced, Nasdaq: STEP

Global private markets investment firm.

Industry: Financials

Latest Trade: $25.00 0.00 (0.0%)

First Day Return: +38.9%

Return from IPO: +38.9%

Industry: Financials

We are a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. Our clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. We partner with our clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. These portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. As of June 30, 2020, we oversaw $292 billion of private markets allocations, including $66 billion of assets under management and $226 billion of assets under advisement, reflecting a compound annualized growth rate of 61% since 2007. Between fiscal 2018 and fiscal 2020, our total revenues increased 69% to $447 million, our net income increased 62% to $132 million, our adjusted revenues increased 63% to $286 million and our ANI increased 41% to $63 million.
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IPO News for StepStone Group
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IPO Data
IPO File Date 08/24/2020
Offer Price $18.00
Price Range $15.00 - $17.00
Offer Shares (mm) 17.5
Deal Size ($mm) $315
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/15/2020
Offer Price $18.00
Price Range $15.00 - $17.00
Offer Shares (mm) 17.5
Deal Size ($mm) $315
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2007
Employees 526
Website www.stepstonegroup.com