---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-072138"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T11:17:53.178302+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Borse Dubai launches secondary offering of 26.96M Nasdaq shares at $59; to hold ~10.8%

## Summary
- Borse Dubai to sell 26,956,522 shares of Nasdaq common stock at $59.00 per share in a secondary offering.
- Borse Dubai granted underwriters a 30-day option to purchase up to an additional 4,043,478 shares.
- Post-offering, Borse Dubai expected to hold ~62.4M shares, or 10.8% of Nasdaq's outstanding (10.1% if option exercised).
- Borse Dubai agrees to an 18-month lock-up on its remaining shares and retains board nomination right if it holds ≥10%.
- Nasdaq will not receive any proceeds; all proceeds go to Borse Dubai; offering expected to close March 22.

## SEC filing metadata
- accession: 0001193125-24-072138
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312524072138/0001193125-24-072138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312524072138/d812900d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-072138
- JSON: https://secwatch.observer/filing/0001193125-24-072138.json
- Plain text: https://secwatch.observer/filing/0001193125-24-072138.txt

## Key facts
- Material Agreements
  NASDAQ, INC. amended Amendment No. 2 with Borse Dubai Limited (effective 2024-03-19).
  - Action: amendment
  - Counterparty: Borse Dubai Limited
  - Effective: 2024-03-19
  source text: On March 19, 2024, Nasdaq, Inc. (the “Company”) entered into an Amendment No. 2 (the “Amendment”) to the Stockholders’ Agreement (the “Agreement”), dated as of February 19, 2009, by and between the Company and Borse Dubai Limited (the “Selling Stockholder”), as amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312524072138/0001193125-24-072138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.