LPL Financial Announces Proposed $1.5 Billion Common Stock Offering

SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") today announced that it has commenced an underwritten public offering of 1.5 billion of its common stock. Morgan Stanley & Co. LLC is acting as sole active book-running manager. LPL also intends to grant the underwriters a 30-day option to purchase up to an additional 225.0 million of its common stock. LPL intends to use the net pr ...