Registered secondary offering(redirected from Registered Secondary Distributions)
Registered secondary offering
A reoffering of a large block of securities, previously publicly issued, by the holder of a large portion of some corporation through an investment firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Registered Secondary Offering
An offering of a large block of previously issued stock that is not usually traded after registering the offering with the SEC. For example, a mutual fund that owns a large portion of an issue of stock may decide to sell it. Most of the time, the seller of a registered secondary offering is an institutional investor who acquired the stock through private placement. It is also called a registered secondary distribution. See also: Overnight deal.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved