Intuit Announces Secondary Offering of 1,548,700 Shares of Common Stock

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Intuit (INTU) Stock Falls as Mailchimp Co-Founder to Sell ~1.55M Shares

November 29, 2021 5:48 PM EST

Intuit (NASDAQ: INTU) shares fell 2.5% after-hours after the made an announcement, according to which it will offer 1,548,700 shares of its common stock in an underwritten secondary offering, the net proceeds of which will be received by the selling shareholders.

The selling shareholder was certain... More