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 (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) Announces 1.55M Share Secondary Offering

November 29, 2021 4:12 PM EST

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... More