04:10 AM EST, 03/05/2024 (MT Newswires) -- Hamilton Lane ( HLNE ) said late Monday it priced an underwritten public offering of 1.9 million shares of class A common stock by the company and a selling stockholder for gross proceeds of about $210 million.

The company intends to use its portion of the net proceeds to settle exchanges of certain membership units in Hamilton Lane Advisors.

The closing of the offering is expected to occur on Thursday, subject to customary conditions.

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