Summary
Intercontinental Exchange, Inc. (ICE) filed an 8-K on September 10, 2020, to report an underwriting agreement entered into on September 9, 2020. This agreement pertains to the sale of 9,180,568 shares of ICE's common stock by Ellie Mae Parent, LP, an entity controlled by Thoma Bravo, to Goldman Sachs & Co. LLC as the underwriter. The transaction involves the sale of a significant block of shares at a price of $99.6919 per share. While ICE is not directly selling these shares, this filing indicates a substantial ownership change by a major shareholder, which could impact market perception and potentially affect the stock's trading dynamics. Investors should monitor any further announcements regarding this share disposition and its implications for the company's capital structure and shareholder base.
Key Highlights
- 1ICE reported an Underwriting Agreement on September 10, 2020, related to a stock sale.
- 2The agreement was entered into on September 9, 2020.
- 3Ellie Mae Parent, LP (controlled by Thoma Bravo) is the selling stockholder.
- 4Goldman Sachs & Co. LLC is acting as the underwriter for the sale.
- 5A total of 9,180,568 shares of ICE common stock are being sold.
- 6The sale price per share is $99.6919.
- 7This filing indicates a large block sale by a significant shareholder, not a primary offering by ICE itself.