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secondary shares

   Also found in: Wikipedia 0.01 sec.
secondary shares
Shares in a stock offering in which proceeds go to other investors rather than the issuing company. Secondary shares have been previously traded and will not result in an increase shares outstanding. Compare primary shares.


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6 per cent of shares to be sold in the IPO are secondary shares being sold by Amwal Al Khaleej Commercial Investment.
6pc of secondary shares being sold by Amwal Al Khaleej Commercial Investment Company.
Post-IPO sales of restricted stock are higher for volatile firms, for venture capital (VC)-backed firms, and for firms go public after 1997, but not for firms that sell more secondary shares in the IPO, for firms that went public in hot markets, for firms that have larger post-IPO stock price appreciation, or for firms with greater top management ownership.
 
 
 
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