Registered secondary offering

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Registered secondary offering

A reoffering of a large block of securities, previously publicly issued, by the holder of a large portion of some corporation through an investment firm.

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.
References in periodicals archive ?
The Firm represented affiliates of KKR as selling stockholders in connection with several underwritten registered secondary offerings in 2016 of an aggregate of 50,461,215 shares of common stock of Walgreens Boots Alliance, Inc.
87% abnormal price response for registered secondary offerings documented by Mikkelson and Partch |5~.
8 Mikkelson and Partch |5~ document that 37% of the 146 registered secondary offerings which they analyze were offered by directors and officers of the corporation who are arguably better informed than an outside corporation, while 63% of the registered secondary offerings were made by individuals, corporations, financial service companies, or trusts.
Mikkelson and Partch |5~ document the median underwriting costs of a registered secondary offering as 4.

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