other material
confidence high
sentiment neutral
materiality 0.65
LPL Financial closes public offering of 5.39M shares at $320, raising ~$1.73B
LPL Financial Holdings Inc.
- Underwriters exercised full option; total shares issued: 5,390,625 at $320 per share.
- Gross proceeds of approximately $1.73 billion before underwriting discounts and expenses.
- Offering closed on April 2, 2025, under a shelf registration statement declared effective March 25, 2025.
- Morgan Stanley & Co. LLC acted as representative of the underwriters.