---
title: "Based on a comprehensive analysis of information from various sources:The $3.09 billion secondary of"
description: "Based on a comprehensive analysis of information from various sources:The $3.09 billion secondary offering initiated by SanDisk is essentially part of the divestment process for the remaining 7.51 mil"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38766328.md"
published_at: "2026-02-17T22:33:57.000Z"
author: "[昆仑山岩石](https://longbridge.com/en/profiles/15670421)"
---

# Based on a comprehensive analysis of information from various sources:The $3.09 billion secondary of

Based on a comprehensive analysis of information from various sources:

The $3.09 billion secondary offering initiated by SanDisk is essentially part of the divestment process for the remaining 7.51 million SanDisk shares held by WDC after the spin-off. In essence, WDC is selling SanDisk stock to repay debt, with J.P. Morgan and Bank of America Securities appointed as underwriters (with an offering price range of $535-$555). It is expected that further announcements will follow regarding the sale of the remaining shares. This secondary offering does not increase the number of listed shares, and SanDisk itself is not raising capital.

During the post-earnings conference call on January 29th, WDC clearly stated its intention to sell approximately 7.5 million SanDisk shares, worth about $5 billion, to repay company debt. The plan to swap equity for debt was already clear at that time; the current move is merely its execution. One can refer to the conference call transcript for details.

For SanDisk's market capitalization, the market's overreaction is conducive to a full adjustment of the stock price.

### Related Stocks

- [SNDK.US - Sandisk](https://longbridge.com/en/quote/SNDK.US.md)
- [WDC.US - Western Digital](https://longbridge.com/en/quote/WDC.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.