The American investment company Thoma Bravo LP has sold its remaining stake in Nasdaq Inc. for $3.4 billion. This is reported by foreign media.
Thoma Bravo attracted JPMorgan Chase & Co. and sold 43 million shares (7.4%) at exchange auctions on May 7 and 13, 2025. As part of the two-stage transaction, 17.3 million shares were sold at a price of $77.9 per share and 25.5 million shares at a price of $80.7 per share.
At the same time, Nasdaq's market capitalization was $46.6 billion.
Thoma Bravo acquired a 14.9% stake in Nasdaq through the acquisition of software provider Adenza for $10.5 billion in 2023. At that time, the total value of the package was estimated at $4.75 billion.
Thoma Bravo began selling off its stake in Nasdaq in 2024, selling 41.6 million shares for $2.8 billion. In total, the sale of the entire block of shares in three transactions for $6.2 billion brought the company a profit of $1.4 billion compared to the initial amount.
Thoma Bravo is an American private equity company. It is headquartered in Chicago, Illinois, with offices in San Francisco, Chicago and Miami. Since 2003, the company has completed over 300 software transactions worth more than $85 billion.
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