TPG Global plans to sell 1.9 million of the company's shares in deal
By Devika Patel
Knoxville, Tenn., Feb. 13 - LPL Financial Holdings Inc. said it priced a $104 million secondary sale of stock.
TPG Global, LLC will sell 1.9 million of the company's common shares at $52.00 apiece; Dan H. Arnold and Robert J. Moore will also sell 100,000 shares. The price per share is a 1.1% discount to the Feb. 12 closing share price of $52.58.
The Boston company offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research.
| Issuer: | LPL Financial Holdings Inc.
|
| Issue: | Common shares
|
| Amount: | $104 million
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| Shares: | 2 million
|
| Price: | $52.00
|
| Warrants: | No
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| Pricing date: | Feb. 13
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| Stock symbol: | Nasdaq: LPLA
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| Stock price: | $52.58 at close Feb. 12
|
| Market capitalization: | $5.6 billion
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