Fintech MeridianLink falls as Thoma Bravo to slice stake

Meridianlink

26/09/2024 22:03

** MeridianLink Inc's  MLNK.N  shares down 5.4% to $21.68
post-market after co launches secondary offering
    ** Financial services software provider announces 6 mln
shares to be sold by private equity firm Thoma Bravo with JP
Morgan as sole bookrunner
    ** Thoma Bravo currently owns ~35.58 mln shares, or ~47%
stake, per LSEG data
    ** Co has ~75.79 mln shares outstanding for ~$1.7 bln market
cap
    ** MLNK shares on Thurs closed down 0.9% at $22.92, down
7.5% YTD. Stock closed at $16.30 a year ago

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))