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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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