From Yahoo Finance: 2025-05-15 12:47:00

Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq for $3.4 billion. They divested about 7.4% of Nasdaq, totaling around 43 million shares in unregistered block trades. Nasdaq and Thoma Bravo have not commented on the sale.

In 2023, Nasdaq acquired fintech firm Adenza from Thoma Bravo in a $10.5 billion deal. Thoma Bravo first sold 41.6 million shares in Nasdaq last year for $2.72 billion. They recently sold 17.33 million shares for $77.90 each, raising $1.35 billion.

Thoma Bravo completed the sale of its remaining shares to JPMorgan for $80.68 each on Tuesday. Borse Dubai, with a stake of 10.8%, remains the largest shareholder in Nasdaq after trimming their ownership from 15.5% last year.

Read more: Thoma Bravo sells remaining Nasdaq stake, Bloomberg News reports