spot secondary

Definition

A secondary distribution, or public offering of already-issued shares, which the company is not required to file with the SEC. This results in a quicker offering, but must meet certain SEC requirements. Shares issued as part of a spot secondary are generally offered at a discount to institutional investors.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
spot rate Treasury curve spot trade