Strategy announces pricing for STRD's initial public offering, with net income reaching $979.7 million "
According to online reports, Strategy announced the pricing for the initial public offering of STRD shares, which is 11,764,700 shares of 10.00% Series A permanent Stride preferred shares, at a public offering price of $85.00 per share. The issuance and sale of STRD shares is planned to be settled on June 10, 2025, subject to customary closing conditions. Strategy estimates net income from the offering to be approximately $979.7 million, after deducting underwriting discounts and commissions and Strategy's estimated offering fees.
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