Hamilton Lane falls after $252 million stock offering

Hamilton Lane Incorporated

11/02/2025 19:09

** Shares of private markets asset management firm Hamilton
Lane  HLNE.O  slide as much as 10.1%; last down 5.2% at $157.80
    ** HLNE late Monday priced stock offering of ~1.6 million
shares for gross proceeds of $252 million
    ** That implies an offer price of $160.25 per share, which
represents a 3.7% discount to HLNE's last close
    ** Prior to the offering, HLNE had 55.4 million outstanding
shares, according to a regulatory filing, giving it a $9.22
billion market capitalization as of last close
    ** Morgan Stanley was the underwriter for the offering
    ** HLNE stock jumped 30.5% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))