Nasdaq Announces Closing Of Secondary Offering And Exercise Of Over-Allotment Option
Date 15/02/2005
The Nasdaq Stock Market, Inc. ("NASDAQ®"; NASDAQ: NDAQ), announced today the closing of the secondary offering of common stock by NASD and certain other stockholders who purchased such shares in NASDAQ’s 2000 and 2001 private placements. In the offering, the managing underwriters have exercised the over-allotment option in full to purchase an additional 2,586,980 shares of NASDAQ’s common stock from NASD at the offering price of $9.00 per share. Merrill Lynch & Co. and Credit Suisse First Boston acted as joint book-running managers and Citigroup, Morgan Stanley, Thomas Weisel Partners LLC and Sandler O’Neill & Partners, L.P. acted as co-managers. None of the shares were sold by NASDAQ or by its officers or other employees and NASDAQ will not receive any proceeds from the offering.
