Intuit (INTU) Announces 1.55M Share Secondary Offering

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Intuit (INTU) Prices 1.55M Share Secondary Offering at $668.95/sh

November 30, 2021 5:52 AM EST

Intuit (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced today the pricing of an underwritten secondary offering by certain entities affiliated with Dan Kurzius, co-founder of Mailchimp (the Selling Stockholder) of 1,548,700 shares of the Companys common stock at a public offering price of $668.95 per share. The shares are expected to be delivered on or about December 1, 2021, subject to customary closing conditions.

The 1,548,700 shares, which represent approximately 15.3% of the shares issued by... More

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