Deal sells common shares via Citigroup with $14.63 million greenshoe
By Devika Patel
Knoxville, Tenn., May 11 - GSV Capital Corp. said it priced a $97.5 million follow-on public offering of stock with a $14.63 million greenshoe.
The company will sell 6 million common shares at $16.25 per share. The price per share reflects a 10.86% discount to the May 10 closing share price of $18.23.
Citigroup Global Markets Inc. is the bookrunner. Ladenburg Thalmann & Co. Inc., Lazard Capital Markets LLC, National Securities Corp., Aegis Capital Corp., Maxim Group LLC and CICC HK Securities are the co-managers.
The company plans to use the proceeds of this public offering to invest in portfolio companies and for working capital and general corporate purposes.
GSV is a Woodside, Calif.-based investment fund that seeks to invest in high-growth, venture-backed private companies.
| Issuer: | GSV Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $97.5 million
|
| Greenshoe: | $14,625,000
|
| Shares: | 6 million
|
| Price: | $16.25
|
| Warrants: | No
|
| Bookrunner: | Citigroup Global Markets Inc
|
| Pricing date: | May 11
|
| Stock symbol: | Nasdaq: GSVC
|
| Stock price: | $18.23 at close May 10
|
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