Blue Owl Announces Pricing of Secondary Offering

INVESTMENT MANAGEMENT DEALS BLOG

December 17, 2021

On December 7, 2021, Blue Owl Capital Inc. announced the pricing of its secondary offering.

Blue Owl Capital Inc. (“Blue Owl”) announced the pricing of its secondary offering by NBSH Blue Investments II, LLC (“NBSH”) of 26,717,377 shares of Blue Owl’s Class A common stock. The shares are priced to the public at $14.50 per share. The underwriters have a 25-day option to purchase an additional 4,007,606 shares at the public offering price, less underwriting discounts. NBSH will receive all proceeds from the offering. None of Blue Owl’s directors or officers sold any shares in the offering. The offering was expected to close on or about December 9, 2021, subject to customary closing conditions.

Blue Owl (NYSE:OWL), based in New York, New York, is an alternative asset manager. As of September 30, 2021, Blue Owl had approximately $70.5 billion in assets under management. BofA Securities acted as joint bookrunner in the offering.

To read the press release: please click here.

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