special offering

special offering

A secondary distribution on the floor of the New York Stock Exchange by an exchange member. A special offering is generally priced at the current market price of the security being offered, with the seller absorbing all costs. Thus, members buying parts of the offering for their clients or their own inventory can avoid any fees. The selling member is able to sell a block of stock without having to give a price concession to buyers.
References in periodicals archive ?
Secondary in importance only to our international acquisition courses are the various seminars, forums, symposiums, and special offerings that DSMC conducts regularly or occasionally.

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