Nasdaq Announces Pricing Of Secondary Offering Of 41,604,207 Shares Of Common Stock At A Price Of $65.30 Per Share
Portfolio Pulse from Benzinga Newsdesk
Nasdaq, Inc. (NDAQ) announced the pricing of a secondary offering of 41,604,207 shares at $65.30 per share by Argus Seller, LP, an affiliate of Thoma Bravo, L.P. The offering is expected to close on July 30, 2024. Nasdaq will not receive any proceeds from this sale. Additionally, Nasdaq will repurchase 1,200,000 shares from the Selling Stockholder as part of its existing share repurchase program.
July 29, 2024 | 12:34 pm
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Nasdaq, Inc. (NDAQ) announced a secondary offering of 41,604,207 shares at $65.30 per share by Argus Seller, LP. Nasdaq will not receive proceeds from this sale. Additionally, Nasdaq will repurchase 1,200,000 shares from the Selling Stockholder.
The secondary offering by Argus Seller, LP, does not directly impact Nasdaq's finances as the company will not receive any proceeds. However, the share repurchase indicates a commitment to offset employee dilution, which could be seen positively by investors. The overall impact on the stock price is likely neutral in the short term.
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