Strategy announces price of STRD IPO, net proceeds will reach $979.70 million
2025-06-06 11:09:15
Strategy announces the pricing of the initial public offering of STRD shares, i.e. 11,764,700 10.00% Series A perpetual Stride preference shares, at a public offering price of $85.00 per share. The offering and sale of STRD shares is scheduled to settle on June 10, 2025, subject to customary closing conditions. Strategy estimates that net proceeds from the offering, after deducting underwriting discounts and commissions and Strategy's estimated offering expenses, will be approximately $979.70 million.
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