OneStream falls as KKR reduces stake

OneStream

15/11/2024 14:18

**  Shares of financial management software firm OneStream
 OS.O  down 5.8% at $31.61 premarket after secondary offering
priced
  
    ** Co late Thurs  15 mln shares at $31, 7.5% discount to
last sale
  
    ** Private equity sponsor KKR  KKR.N , which had ~51% voting
power prior to offering, to collect bulk of the proceeds along
with other sellers (click  for SEC filing)
  
    ** OS has 234.5 mln shares outstanding for ~$7.9 bln market
cap
  
    ** 
    Morgan Stanley, J.P. Morgan and KKR leading 19-firm
underwriting group for offering
  
    ** Co debuted in Jul after 24.5 mln share  priced at $20
    
  
    ** 12 of 14 analysts rate OS "strong buy" or "buy", rest
"hold"; median PT is $36.50 - LSEG data
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own))
((lance.tupper@tr.com 1-646-279-6380))