IBM (IBM) Plans to Sell ~$150M Worth of Lenovo Stock

IBM (NYSE: IBM) is planning to sell up to $150 million of its stake in Lenovo Group, according to Reuters on Wednesday.

Specifically, IBM will offer 182 million Lenovo shares with a price range of HK$6.26 - HK$6.42. The price is a 6.4 percent discount to Lenovo's last closing price.

It wasn't made immediately clear how much of IBM's total stake in Lenovo was being offered.

You May Also Be Interested In

• IBM reveals dual-architecture processor for mainframes with Arm support
• IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• IBM and the USTA Introduce New AI-Powered Fan Experiences for 2026 US Open