Secondary offerings often lead to short-term price volatility due to the increased supply of shares. However, the impact on NDAQ's stock price will depend on market perception of the offering's value and the company's fundamentals. Given the size of the offering and the set price, this could be seen as a neutral to slightly negative signal in the short term, depending on investor interpretation of the sale's implications for Nasdaq's valuation and Borse Dubai's confidence in Nasdaq's future performance.