RTTNews | Dec 7, 2021 10:01AM EST

10:01 Tuesday, December 7, 2021 (RTTNews.com) - Shares of asset management company Blue Owl Capital Inc. (OWL) are rising more than 6% in the morning trade on Tuesday.

The company today priced the secondary offering by NBSH Blue Investments II, LLC of 26,717,377 shares at $14.50 per share.

The offering is expected to close on December 9, 2021.

The company will not receive any proceeds from the offering.

Blue Owl stock, currently at $16.48, has traded in the range of $9.35-$17.89 in the past 52 weeks.

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