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follow-on offering |
Also found in: Wikipedia | 0.06 sec. |
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Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project.See also: IPO, Secondary Offering
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? Mentioned in | ? References in periodicals archive | |
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plans to sell 2 million shares in a follow-on offering, with existing stockholders selling another 2 million shares. fell 25 percent Wednesday, a day after the company released quarterly earnings and filed for a follow-on offering of 7 million shares, of which existing shareholders plan to sell 6 million shares. Senior Housing Properties Trust (NYSE: SNH) today announced that it has priced a public follow-on offering of 6,000,000 common shares of beneficial interest at a price of $26. |
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