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

After-Hours Movers 11/29: (CPIX) (ADAG) (OM) Higher; (LIZI) (INTU) Lower (more...)

After-Hours Movers

Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) 129% HIGHER; announced the U.S. Food and Drug Administration (FDA) has approved expanded labeling for Caldolor®, an intravenously delivered formulation of ibuprofen, to now include use in pre-operative administration. The non-narcotic pain reliever may now be administered just prior to surgery to enable patients to wake up from their procedure in significantly less pain.

Adagene Inc. (Nasdaq: ADAG) 12.1% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has... More

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

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

Intuit (INTU) Announces 1.55M Share Secondary Offering

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