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

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

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

November 29, 2021 4:11 PM EST

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit (the Company) (Nasdaq: INTU), the global technology platform that makes TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, announced today that certain entities affiliated with Dan Kurzius, co-founder of Mailchimp (the Selling Stockholder) have commenced an underwritten secondary offering of 1,548,700 shares of the Companys common stock.

The 1,548,700 shares, which represent approximately 15.3% of the shares issued by the Company as partial consideration for the Companys acquisition of The Rocket Science Group LLC (d/b/a Mailchimp), are being sold in order to satisfy certain tax obligations and for... More