--- title: "Western Digital sells $3 billion worth of Sandisk shares, and Sandisk's stock price drops 2% after hours" description: "A secondary public offering means that the stocks are not newly issued by the company, but rather sold by existing shareholders. According to the announcement, Western Digital will exchange its held d" type: "news" locale: "en" url: "https://longbridge.com/en/news/276182299.md" published_at: "2026-02-18T00:19:31.000Z" --- # Western Digital sells $3 billion worth of Sandisk shares, and Sandisk's stock price drops 2% after hours > A secondary public offering means that the stocks are not newly issued by the company, but rather sold by existing shareholders. According to the announcement, Western Digital will exchange its held debt for shares of Sandisk, allowing Western Digital to dispose of its claims against Sandisk through equity Western Digital sells all its shares in SanDisk, with a transaction scale of $3.09 billion. This is the final step for the hard drive manufacturer to completely exit its former subsidiary after a year of separation. On February 17, SanDisk announced that Western Digital plans to sell its common stock in SanDisk, and the company itself will not sell any shares or receive any proceeds from this issuance. **According to the statement, Western Digital expects to swap this batch of SanDisk shares with the debt of Western Digital held by affiliates of JP Morgan Securities and Bank of America Securities. After the transaction is completed, these affiliates will act as selling shareholders and sell shares in the secondary market through underwriters.** Previously, on January 29, during Western Digital's quarterly earnings call, the company's Chief Financial Officer Kris Sennesael stated that they plan to sell the remaining 7.5 million shares of SanDisk before the one-year anniversary of the separation on February 24. Following the announcement, SanDisk's stock price continued its downward trend from Tuesday, falling over 2% in after-hours trading. ## Divergence in Stock Performance Post-Separation Since the official completion of the separation on February 24 last year, the stock prices of the two companies have shown significant divergence. While Western Digital's stock price has risen sharply, SanDisk has experienced an even stronger upward trend. The global shortage of flash memory has driven DRAM prices to continue rising since September of last year. SanDisk is a major developer, manufacturer, and supplier of data storage devices and solutions based on NAND flash memory technology. The company's product portfolio includes solid-state drives, embedded products, memory cards, USB drives, as well as wafers and components, serving a wide range of customers from consumers to large enterprises and public clouds ### Related Stocks - [WDC.US - Western Digital](https://longbridge.com/en/quote/WDC.US.md) - [SNDK.US - Sandisk](https://longbridge.com/en/quote/SNDK.US.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US - Invesco PHLX Semiconductor ETF](https://longbridge.com/en/quote/SOXQ.US.md) - [FTXL.US - First Trust Nasdaq Food & Semicon](https://longbridge.com/en/quote/FTXL.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) - [XSD.US - SPDR S&P Semicon](https://longbridge.com/en/quote/XSD.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 闪迪启动 30.8 亿美元二级市场股票发行 | 闪迪于 2 月 17 日宣布启动 30.8 亿美元的二级市场股票发行，涉及现有股东出售股份。西部数据将通过股权方式处置对闪迪的债权，具体债务规模和交易细节尚未披露。投资需谨慎，本文不构成个人投资建议。 | [Link](https://longbridge.com/en/news/276180619.md) | | 西部数据计划出售其在闪迪的 31.7 亿美元股份 | 2 月 18 日（路透社）- 闪存制造商闪迪（Sandisk）周三表示，西部数据（Western Digital）将出售价值 31.7 亿美元的公司股份。闪迪表示，西部数据将以每股 545 美元的价格出售超过 580 万股闪迪的股票。此次发 | [Link](https://longbridge.com/en/news/276201046.md) | | Meta 加码英伟达：未来数年部署数百万颗芯片，首次采用 Grace CPU | 根据周二发布的声明，Meta 承诺将使用更多来自英伟达的 AI 处理器和网络设备。同时，Meta 还将首次在其独立计算机的核心部件采用英伟达的 Grace CPU。此次部署将涵盖基于英伟达当前 Blackwell 架构，以及即将推出的 Ve | [Link](https://longbridge.com/en/news/276177748.md) | | 先锋集团公司购入了 243,177 股西部数据公司股票 $WDC | 先锋集团（Vanguard Group Inc.）在第三季度将其在西部数据公司（Western Digital Corporation，NASDAQ:WDC）的持股增加了 0.6%，额外收购了 243,177 股，使其总持股达到 43,28 | [Link](https://longbridge.com/en/news/276208303.md) | | 闪迪宣布启动普通股的二次发行 \| SNDK 股票新闻 | 闪迪公司宣布将进行一项约 30.9 亿美元的二次公开发行，发行的普通股股份目前由其前母公司西部数据公司持有。闪迪不会出售任何股份或从此次发行中获得收益。这些股份将用于交换由摩根大通证券公司和美国银行证券公司关联方持有的某些债务，这些公司将作 | [Link](https://longbridge.com/en/news/276173309.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.