May 15 (Reuters) - Private equity firm Thoma Bravo has

sold its remaining stake in Nasdaq for approximately

$3.4 billion in two separate transactions, a source familiar

with the matter told Reuters on Thursday.

A block of approximately 25.5 million shares was divested on

Tuesday, sold to JPMorgan for $80.68 each, according to the

source.

Earlier, the PE firm had sold 17.33 million shares at $77.90

each on May 7, 2025, trade, raising $1.35 billion, a filing with

the Securities and Exchange Commission last week showed.

Nasdaq and Thoma Bravo declined to comment.

In 2023, Nasdaq struck a $10.5 billion cash-and-stock deal

to buy fintech firm Adenza from Thoma Bravo, giving the PE firm

a sizeable stake in the transatlantic exchange operator.

Thoma Bravo first sold 41.6 million shares in Nasdaq through

a secondary public offering, raising about $2.72 billion, in

July last year.

Borse Dubai, which last year trimmed its stake in Nasdaq to

10.8% from 15.5%, remains the largest shareholder of the

exchange operator.