Registered Secondary Distribution

Registered Secondary Offering

An offering of a large block of previously issued stock that is not usually traded after registering the offering with the SEC. For example, a mutual fund that owns a large portion of an issue of stock may decide to sell it. Most of the time, the seller of a registered secondary offering is an institutional investor who acquired the stock through private placement. It is also called a registered secondary distribution. See also: Overnight deal.

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registered secondary distribution

The sale of a block of previously issued securities following registration with the SEC. Securities sold in a registered secondary offering are likely to come from an institutional investor that acquired the securities in a private placement.