secondary offering

Definition

A registered offering of a large block of a security which has been previously issued to the public, by a current shareholder. The proceeds of the sale go to the holder, not the issuing company, and the number of shares outstanding does not change. also called secondary distribution.

Use secondary offering in a sentence

There was a secondary offering that we had to take a look at, because it was very important to us.

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You need to make sure that you know a good secondary offering to make if you are having trouble closing a deal.

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A corporation that has already had an equity or debt issue can bring more of that stock or bond to market via a secondary offering.

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