secondary distribution

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Secondary Distribution

The sale of a security that has already been issued. Generally speaking, it refers to the sale of a security by a private investor (usually a corporation) to a member of the general public. It is also called a secondary offering. See also: Secondary market.

secondary distribution

The sale of a block of existing, not newly issued, securities with the proceeds going to the present holders rather than to the issuing firm. An especially large secondary distribution may put pressure on the security's price until the additional shares or bonds have been assimilated in the market. Also called secondary offering. Compare primary distribution. See also registered secondary distribution, special offering, spot secondary distribution.
References in periodicals archive ?
In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Treasury and Secondary offerings will be $132,250,000.
The number of shares sold under the Treasury Offering has not been changed from the announcement indicated on May 13, 2013, and AutoCanada will not receive any proceeds from the Secondary Offering.
The acronym "IPO" is a household term for investors, but the nature of secondary offerings remains obscure.
This innovative approach to secondary offerings is another prime example of how technology continues to create efficiencies and reduce costs for equity investors," said Ray Killian, Chairman, President and Chief Executive Officer of ITG.
For example, the Company and/or the selling shareholders may decide not to effect the follow-on and/or secondary offerings or may elect to change the proposed terms or timing thereof.
Company to Utilize ATS Technology to Provide IPO's, Direct Public Offerings (DPO's), Secondary Offerings and Regulation S and D Offerings
Bob has shown leadership and financial prowess in helping Network Solutions go public, helping us continue to make the right investments to achieve profitability as an Internet company, and spearheading the IPO and secondary offerings," said Michael A.
com can offer Direct IPOs and secondary offerings in its cutting edge SIPOD companies directly to its shareholders through the Internet.
65 billion at today's market price, TOPCALL is now well positioned for possible future acquisitions and/or secondary offerings," said Martin Hannah, TOPCALL's Chief Executive Officer.
707 Million in Secondary Offerings Raised by FBR for Clients in 1998
Royal Caribbean has granted to the underwriters an option to purchase additional shares equal to approximately 15% of the primary and secondary offerings to cover over-allotments.