The Nasdaq Stock Market, Inc. today announced the pricing of a US$155 million secondary offering of its stock. The U.S. exchange sold 17,246,536 shares of its common stock at US$9.00 per share.
The offering consisted entirely of shares offered by the NASD and certain other stockholders, who purchased such shares in the company’s 2000 and 2001 private placements.
None of the shares were sold by the exchange itself, or by its officers or other employees. Nasdaq will not receive any proceeds from the offering.
Merrill Lynch & Co. and Credit Suisse First Boston acted as joint book-running managers and Citigroup, Morgan Stanley, Thomas Weisel Partners LLC and Sandler O’Neill & Partners, L.P. acted as co-managers. The NASD has granted the underwriters an option to purchase up to an additional 2,586,980 shares to cover over-allotments.
Additionally, Nasdaq was granted a common stock listing on the Nasdaq National Market, and commenced trading under the symbol NDAQ today.
Nasdaq announces pricing of secondary offering
- By: James Langton
- February 10, 2005 February 10, 2005
- 11:30