Stevanato Group Announces Underwriters’ Partial Exercise of Over-Allotment Option

By: Stevanato Group S.p.A. via Business Wire

August 17, 2021 at 08:49 AM EDT

Stevanato Group S.p.A. (the “Company”), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced that the underwriters of the Company’s recently completed initial public offering of its ordinary shares have exercised in part their option to acquire an additional 1,018,280 ordinary shares at $21 a share.

The offering resulted in net proceeds of approximately $453.5 million to the Company after deducting underwriting discounts and commissions and other estimated offering expenses. The Selling Shareholders will receive the remaining net proceeds.

Morgan Stanley, BofA Securities and Jefferies acted as lead book-running managers for the offering. Citigroup, UBS Investment Bank, KeyBanc Capital Markets, Wells Fargo Securities and William Blair acted as book runners for the offering. Houlihan Lokey served as a financial advisor to the Company.

A registration statement relating to the shares being sold in this offering was filed with the Securities and Exchange Commission and became effective on July 15, 2021. The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, NY 10014, or by email to prospectus@morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Stevanato Group

Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. The Group delivers an integrated, end-to-end portfolio of products, processes and services that address customer needs across the entire drug life cycle at each of the development, clinical and commercial stages. Stevanato Group’s core capabilities in scientific research and development, its commitment to technical innovation and its engineering excellence are central to its ability to offer value added solutions to clients.

For more information, please visit www.stevanatogroup.com

Forward-Looking Statements

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