07/28/2025 – 08:59 PM
RESTON, Va.–(BUSINESS WIRE)–VeriSign, Inc. (NASDAQ: VRSN), the gatekeeper of critical internet infrastructure and domain name registry services, announced late Monday the pricing of a secondary offering by none other than Warren Buffett’s Berkshire Hathaway Inc. In a strategic move signaling portfolio optimization, Berkshire Hathaway affiliates are offloading 4.3 million shares of VeriSign common stock at a cool $285.00 per share.
The sale, meticulously underwritten by J.P. Morgan Securities LLC, is projected to conclude on July 30, 2025, pending standard closing protocols. Notably, all proceeds will flow directly to the selling stockholders, leaving VeriSign itself untouched by the capital influx.
Behind this carefully orchestrated exit lies a calculated objective, sources say: reducing Berkshire Hathaway’s ownership stake below the 10% threshold, thereby sidestepping onerous regulatory oversight that comes with that level of beneficial ownership. Berkshire Hathaway has been a VeriSign shareholder since 2012.
To further solidify market confidence and prevent any potential volatility, Berkshire Hathaway has voluntarily entered into a 365-day lock-up agreement with J.P. Morgan, restricting the sale of its remaining VeriSign shares for a year following the offering’s closure. This move is designed to assure investors of Berkshire’s continued long-term faith in VeriSign’s fundamentals, despite the trimmed position.
Furthermore, underwriters have been granted a 30-day option to purchase up to an additional 515,032 shares, providing an additional buffer to absorb market demand.
The offering is being conducted through a prospectus supplement and accompanying base prospectus, meticulously filed with the Securities and Exchange Commission (SEC). Savvy investors are advised to pore over these documents to grasp the full scope of VeriSign’s business and the intricacies of the deal. Copies of the preliminary prospectus supplement are available on the SEC’s website at www.sec.gov.
About Verisign
Verisign (NASDAQ: VRSN) keeps the internet humming. As a global provider of critical internet infrastructure and domain name registry services, Verisign provides navigation for a vast number of the world’s most-recognized domains. The company is instrumental in maintaining the security, stability, and resilience of the Domain Name System (DNS). Verisign operates two of the 13 global internet root servers and provides registration services for the .com and .net top-level domains, which underpin the lion’s share of global e-commerce.
Forward-looking statements contained within this announcement are subject to risks and uncertainties. Actual results may differ materially. Potential risks include, but are not limited to, the successful closing of the Offering. More information is available in Verisign’s filings with the SEC.
©2025 VeriSign, Inc. All rights reserved.
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Source: VeriSign, Inc.
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