09:44 AM EDT, 07/29/2024 (MT Newswires) -- Nasdaq (NDAQ) said Monday that it has priced a secondary public offering by Argus Seller, an affiliate of Thoma Bravo-managed funds, at $65.30 per share.

The offering is expected to close Tuesday. Nasdaq said it is not selling any shares as part of the offering and will not receive any proceeds.

The stock market operator also said it signed a share repurchase deal, conditioned on the secondary public offering, to buy 1.2 million shares of Argus' common stock. The company said it plans to fund the buyback program with cash and borrowings under its commercial paper program.

When the offering and buyback are completed, Argus is expected to hold approximately 42.8 million shares, or about 7.4% of Nasdaq's outstanding shares.

Price: 66.80, Change: -0.16, Percent Change: -0.24