05:28 PM EDT, 09/09/2024 (MT Newswires) -- StepStone Group ( STEP ) said late Monday it plans an offering of about 4.1 million class A common shares.

The company said it intends to use the proceeds to purchase its class A shares from certain holders and to pay cash upon exchange of class B and C units by certain holders.

StepStone said the offering will result in no dilution to existing stockholders. Goldman Sachs is the sole book-running manager.

The company's shares were down about 2.3% in after-hours activity.

Price: 51.80, Change: -1.25, Percent Change: -2.36