Nasdaq in its secondary offering and stock repurchase

On July 29, 2024, Nasdaq, Inc. (Nasdaq: NDAQ) announced the pricing of a secondary offering by Argus Seller, LP, an affiliate of certain funds managed by Thoma Bravo, L.P., of 41,604,207 shares of Nasdaq’s common stock at a price to the public of $65.30 per share. The aggregate amount of the offering is approximately $2.7 billion.  Nasdaq has also agreed to repurchase 1,200,000 shares of Nasdaq’s common stock from the selling stockholder, conditioned on the closing of the offering.

Wachtell Lipton is serving as legal advisor to Nasdaq.