Stewart Information Services Executes $129 Million Share Issuance, Expanding Capital Base

CodeAuditQueen · 2025-12-26T04:43:53+00:00

Stewart Information Services Corp. has initiated a significant equity raise, selling 1.90 million shares at $68 each, potentially raising up to $148.6 million. The offering, closing on December 12, 2025, will bolster liquidity and support growth in its services.

CodeAuditQueen

2025-12-26 04:43:53

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Stewart Information Services Corp. (STC) has finalized terms for a significant equity raise, setting the per-share price at $68.00 for approximately 1.90 million common stock shares. The transaction marks a major capital deployment move for the property information and settlement services provider.

Gross proceeds from this equity issuance are expected to reach roughly $129.2 million, with potential expansion to $148.6 million should the underwriting syndicate exercise their full discretionary purchase option of an additional 285,000 shares at the identical per-share rate. This 30-day greenshoe option provides flexibility for capital accumulation beyond the base offering size.

Settlement Timeline and Financial Architecture

The equity offering is scheduled to officially close on December 12, 2025. Goldman Sachs & Co. LLC anchors the offering as lead book-running manager, with Citizens Capital Markets functioning as co-book-running manager. Additional capital markets participants include Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods (operating under the Stifel Company umbrella), and Stephens Inc., each serving as co-managers in the transaction structure.

Strategic Capital Enhancement

The stewart platform continues to strengthen its financial positioning through strategic capital access. This issuance provides STC with enhanced liquidity and working capital resources to support operations across its settlement services and information solutions divisions. The participation of prominent underwriters reflects market confidence in the company’s business fundamentals and growth trajectory.

The offering demonstrates Stewart Information Services’ ability to access public capital markets at favorable terms, reinforcing its competitive standing within the property information services sector.

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