CoStar Group, Inc. Announces Public Offering of Common Stock
Business Wire
CoStar Group, Inc. (Nasdaq: CSGP) (“CoStar”) announced it has commenced a public offering of $1.25 billion of its common stock. CoStar expects to grant the underwriters in the offering a 30-day option to purchase an additional $187.5 million of its common stock. Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering. CoStar expects to use the net proceeds of the offering to fund all or a portion of the costs of any strat…