secondary market

Definition

A market in which an investor purchases a security from another investor rather than the issuer, subsequent to the original issuance in the primary market. also called aftermarket.

Use secondary market in a sentence

Before my brother's company went public, he was allowed to buy shares on the secondary market from an early investor.

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We were in the secondary market, which was rather different for us because we were not used to it at all.

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Prior to Facebook's initial public offering in May 2012, many of the company's founders and early investors sold their shares of the company in a secondary market, which provided Wall Street analysts with a makeshift proxy for Facebook's valuation.

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