other material
confidence high
sentiment neutral
materiality 0.55
Thoma Bravo affiliate sells 41.6M Nasdaq shares at $65.30; Nasdaq repurchases 1.2M
NASDAQ, INC.
- Secondary offering of 41,604,207 shares by Argus Seller (Thoma Bravo) at $65.30/share; Nasdaq received no proceeds.
- Nasdaq repurchased 1,200,000 shares from the selling stockholder for up to $120M to offset dilution.
- After closing, selling stockholder holds ~42.8M shares (~7.4%), locked up until May 1, 2025.
- Goldman Sachs acted as sole bookrunner; offering closed July 30, 2024.