secondary offering


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Related to secondary offering: Primary offering

Secondary Offering

An IPO in which privately held shares in a corporation are sold to the public.

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 offering

Secondary offering.

The most common form of secondary offering occurs when an investor, usually a corporation, but sometimes an individual, sells a large block of stock or other securities it has been holding in its portfolio to the public.

In a sale of this kind, all the profits go to the seller rather than the company that issued the securities in the first place. The seller usually pays all the commissions.

Secondary offerings can also originate with the issuing companies themselves. In these cases, a company issues additional shares of its stock, over and above those sold in its initial public offering (IPO), or it reissues shares that were issued and have been bought up by the company over time. Reissued shares are known as Treasury stock.

References in periodicals archive ?
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.
Under the secondary offering of shares, ANA is offering 37,500,000 shares of its common stock.
The Company's secondary offering was completed by an underwriting team led by Friedman, Billings, Ramsey & Co.
True, a number of them would have participated in a secondary offering, but a number would not have, so the company reached a broader audience.
On March 14, 2012, Zynga filed a Form S-1 Registration Statement and Prospectus with the SEC in connection with its secondary offering of 49,414,526 shares of Zynga's Class A common stock for certain insider shareholders.
The acronym "IPO" is a household term for investors, but the nature of secondary offerings remains obscure.
The Company did not receive any proceeds from the sale of the shares in connection with this secondary offering.
After completion of the secondary offering, Armstrong will no longer own any shares of Dal-Tile common stock.
0 million secondary offering, the Company now has a total market capitalization of over $150 million.
The secondary offering will be made only by means of a prospectus and this press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The Complaint alleges that the Registration Statements and Prospectuses issued in connection with the IPO and Secondary Offering were negligently prepared and, as a result, contained untrue statements of material facts; omitted to state other facts necessary to make the statements made therein not misleading; and were not prepared in accordance with the rules and regulations governing their preparation.
NewVision recently completed a secondary offering, underwritten by D.