IPO - LPL Financial Holdings Inc.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Ipo

Type: New

Accession Number: 000119312525071380

Filing Summary: On March 31, 2025, LPL Financial Holdings Inc. entered into an underwriting agreement with Morgan Stanley & Co. LLC for a public offering of 4,687,500 shares of common stock at a price of $320.00 per share. The agreement included a 30-day option for underwriters to purchase an additional 703,125 shares, which was fully exercised on April 1, 2025, bringing the total shares sold to 5,390,625. The offering closed on April 2, 2025, and was conducted under the company's shelf registration statement on Form S-3. The underwriting agreement contains standard terms including representations, warranties, conditions to closing, and indemnification obligations. An opinion on the legality of the share issuance is filed as an exhibit, along with the underwriting agreement itself. The offering does not constitute an offer or solicitation in any jurisdiction where such actions would be unlawful without prior registration under local securities laws.

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