special offering


An additional offering of securities after a primary offering. The seller initiating the special offering absorbs all the costs associated with the offering and will typically sell the securities at current market value. Securities are grouped and sold in large blocks and can be only conducted by New York Securities Exchange members. This type of offering benefits the buyer because the securities are sold at a fixed price and any fees outside the cost of the securities are absorbed by the seller.
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
special offer special purchase and resale agreement (SPRA)