secondary shares


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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.
References in periodicals archive ?
Cooley advised Uber on the negotiating and closing of its multi-billion dollar investment from a consortium of investors led by SoftBank, including a tender offer for secondary shares and a primary investment at Uber's prior valuation.
The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
It will be a top up offering or a combination of secondary shares.
Atlas Mara will also purchase applicable secondary shares from local shareholders, resulting in the company havinga controlling stake of over 70% in the combined entity.
According to the prospectus, it would consist of all secondary shares as it is not intended to offer primary shares.
As a result Isovoltaic's free float is to reach 45%, consisting mostly of secondary shares, sold by current stockholders.
The company will receive no proceeds from the sale of the secondary shares.
They are offering 33 percent of KDG s share capital, before a greenshoe, confirming an earlier Reuters report that they intended to sell a smaller stake than the 45 million of secondary shares mentioned in KDG s prospectus.
The offering will consist of 20,699,510 primary shares to be sold by the company, and 9,700,490 secondary shares to be sold by existing stockholders.
6 billion secondary shares at the lower end of its indicative price range, according to certain sources.
I then use regression analysis to determine if the presence of secondary shares explains the level of discretionary accruals, and to examine how these variables impact the abnormal stock performance following the IPO.
6pc of secondary shares being sold by Amwal Al Khaleej Commercial Investment Company.

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