Registered secondary offering

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
References in periodicals archive ?
The Bank of NT Butterfield & Son Limited (NYSE:NTB) (BSX:NTB.BH) closed its registered secondary offering of 10,989,163 of its voting ordinary shares (common shares) at USD31.75 per share, by certain selling shareholders and affiliates of the Carlyle Group, the company revealed on Wednesday.
Butterfield & Son Limited ("Butterfield") (NYSE: NTB) (BSX: NTB.BH) has priced a registered secondary offering by certain selling shareholders of 9,555,794 of Butterfield's voting ordinary shares at a price to the public of USD 31.75 per share (the "Offering Price"), the company said.
International Resource News-September 22, 2011--The Mosaic Company plans registered secondary offering of common stock(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
Mikkelson and Partch |5~ document the median underwriting costs of a registered secondary offering as 4.7% of the offering value in a sample of 146 registered offerings.
WCI Communities Inc (NYSE:WCIC), a community developer and luxury home builder, priced a registered secondary offering of 3,250,000 shares of its common stock at USD22.75 per share, it stated on Thursday.
NXP Semiconductors NV (Nasdaq:NXPI) announced on Tuesday that certain of its principal stockholders, including affiliates of funds managed or advised by Kohlberg Kravis Roberts & Co LP and Bain Capital Partners LLC, have commenced a registered secondary offering of 17,376,611 shares of common stock.
Luxoft Holding Inc (NYSE:LXFT), a provider of software development services and IT solutions, announced on Tuesday that it is proposing a registered secondary offering of its class A ordinary shares in the US.
NXP Semiconductors NV (Nasdaq:NXPI) announced on Thursday that certain of its principal stockholders, including affiliates of funds managed or advised by AlpInvest Partners BV, Apax Partners LLP, Bain Capital Partners LLC and Silver Lake Technology Management LLC, have commenced a registered secondary offering of 25m shares of common stock pursuant to NXP's shelf registration statement on Form F-3.

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