12:20 PM EDT, 05/15/2025 (MT Newswires) -- Nasdaq (NDAQ) shareholder Thoma Bravo has divested its remaining approximately 43 million shares, around 7.4% of the company, in unregistered block trades for about $3.4 billion, Bloomberg reported Thursday, citing sources familiar with the matter.

A Securities and Exchange Commission filing on May 9 showed that an affiliate of Thoma Bravo sold 17.3 million shares for $77.90 per share,

Bloomberg reported. The block was offered to investors at $78.20 to $78.57 per share, one of the sources said.

On Tuesday, the private equity firm sold the remaining 25.5 million shares to JPMorgan ( JPM ) for $80.68 each, which was then offered at around $81 per share, the source told the news outlet.

Nasdaq, Thoma Bravo, and JPMorgan ( JPM ) did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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