Borse Dubai Ltd. Ups Nasdaq Stake to 14.9%

TL;DR

Borse Dubai now owns 14.9% of Nasdaq, Inc. - filing amended.

AI Summary

Borse Dubai Ltd. has amended its Schedule 13D filing regarding its ownership of Nasdaq, Inc. As of March 11, 2024, Borse Dubai Ltd. reported beneficial ownership of 26,600,000 shares of Nasdaq, Inc. common stock, representing approximately 14.9% of the outstanding shares. This filing is an amendment, indicating a change in their holdings or intentions.

Why It Matters

This filing indicates a significant ownership stake by Borse Dubai Ltd. in Nasdaq, Inc., which could influence corporate governance and strategic decisions at the exchange operator.

Risk Assessment

Risk Level: medium — Significant ownership changes by a major entity like Borse Dubai can introduce volatility and uncertainty regarding future strategic moves.

Key Numbers

• 26,600,000 — Shares Owned (Beneficial ownership reported by Borse Dubai Ltd.)
• 14.9% — Ownership Percentage (Represents Borse Dubai Ltd.'s stake in Nasdaq, Inc.)

Key Players & Entities

• Borse Dubai Ltd. (company) — Reporting entity
• Nasdaq, Inc. (company) — Subject company
• Khalifa Al Daboos (person) — Associated with Investment Corporation of Dubai
• 26,600,000 (dollar_amount) — Number of shares beneficially owned
• 14.9% (dollar_amount) — Percentage of outstanding shares owned
• March 11, 2024 (date) — Date of filing amendment

FAQ

From the Filing

0001140361-24-012544.txt : 20240311 0001140361-24-012544.hdr.sgml : 20240311 20240311125147 ACCESSION NUMBER: 0001140361-24-012544 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20240311 DATE AS OF CHANGE: 20240311 GROUP MEMBERS: INVESTMENT CORP OF DUBAI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78034 FILM NUMBER: 24737279 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Borse Dubai LTD CENTRAL INDEX KEY: 0001429059 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: LEVEL 7, PRECINCT BLDG 5, GATE DISTRICT STREET 2: PO BOX 506690, DUBAI INTL FINANCIAL CTR CITY: DUBAI STATE: C0 ZIP: 00000 BUSINESS PHONE: 971 4 305 5200 MAIL ADDRESS: STREET 1: LEVEL 7, PRECINCT BLDG 5, GATE DISTRICT STREET 2: PO BOX 506690, DUBAI INTL FINANCIAL CTR CITY: DUBAI STATE: C0 ZIP: 00000 SC 13D/A 1 ef20022496_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 13D   Under the Securities Exchange Act of 1934 (Amendment No. 3)* Nasdaq, Inc. (Name of issuer) Common Stock, $0.01 par value per share (Title of class of securities) 631103108 (CUSIP number) Khalifa Al Daboos Investment Corporation of Dubai P.O. Box 333888 Dubai, United Arab Emirates +971 4 707 1333 Essa Kazim Borse Dubai Limited P.O. Box 506690 Level 8, The Exchange Dubai International Financial Centre Dubai, United Arab Emirates +971 4 362 2210 (Name, address and telephone number of person authorized to receive notices and communications) November 3, 2023 (Date of event which requires filing of this statement)   If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐ * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.   The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 631103108 1 NAMES OF REPORTING PERSONS     Investment Corporation of Dubai         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒ (b) ☐     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)     Not Applicable         5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)   ☐         6 CITIZENSHIP OR PLACE OF ORGANIZATION     Dubai, United Arab Emirates         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER     0 (1)         8 SHARED VO