(Reuters) -Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq for proceeds of about $3.4 billion, Bloomberg News reported on Thursday.

Thoma Bravo divested around 43 million shares, or about 7.4% of Nasdaq, in unregistered block trades on May 7 and May 13, the report said, citing people familiar with the matter.

Nasdaq and Thoma Bravo did not immediately respond to Reuters' requests for comment.

In 2023, Nasdaq had 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.

The PE firm sold 17.33 million shares for $77.90 apiece, raising $1.35 billion, in the May 7, 2025 trade, a filing with the Securities and Exchange Commission last week showed.

According to the Bloomberg report, Thoma Bravo sold the last of its shares to JPMorgan for $80.68 each on Tuesday.

Borse Dubai, which last year trimmed its stake in Nasdaq to 10.8% from 15.5%, remains the largest shareholder of the exchange operator.