Private equity firm Thoma Bravo divested around 43M shares, or about 7.4%, of Nasdaq (NDAQ) in unregistered block trades on May 7 and May 13, selling its remaining stake for proceeds of about $3.4B, people familiar with the matter told Bloomberg’s Ryan Gould and Anthony Hughes. The private equity firm worked with JPMorgan Chase (JPM) on the sale, according to the sources.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDAQ:
- Shopify to join Nasdaq-100 Index starting May 19
- AI Boom Delivers Monster Q1 Result and $250 Price Target for Amazon Stock (AMZN)
- Nasdaq (NDAQ) Seeks Approval to List Dogecoin ETF
- Nasdaq price target raised to $75 from $74 at Morgan Stanley
- Cautious Optimism: Nasdaq’s Modest Gains and Hold Rating Maintained