secondary distribution

(redirected from Secondary Offerings)

Secondary Distribution

The sale of a security that has already been issued. Generally speaking, it refers to the sale of a security by a private investor (usually a corporation) to a member of the general public. It is also called a secondary offering. See also: Secondary market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

secondary distribution

The sale of a block of existing, not newly issued, securities with the proceeds going to the present holders rather than to the issuing firm. An especially large secondary distribution may put pressure on the security's price until the additional shares or bonds have been assimilated in the market. Also called secondary offering. Compare primary distribution. See also registered secondary distribution, special offering, spot secondary distribution.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
(the "Company") (NASDAQ: PRAH) today announced that its Board of Directors (the "Board") has authorized a $500 million share repurchase program, effective immediately.Under the program, the Company is authorized to repurchase shares of its common stock through open market purchases, privately-negotiated transactions, secondary offerings, block trades or otherwise in accordance with all applicable securities laws and regulations, including through trading plans complying with the rules and regulations of the Securities and Exchange Commission (the "SEC").
In addition, the Company announced that, subject to the completion of the announced underwritten secondary offering of the Company's common stock by KKR PRA Investors L.P.
The Over-Allotment Option was granted to the Underwriters in connection with Osisko's previously announced secondary offerings of 7,850,000 Common Shares, which closed on July 11, 2019.
This article will briefly shed the light on the implications of Article 279 on future IPOs, in particular those which will be structured as secondary offerings or a combination of both primary and secondary offerings.
The rules and regulations of financial markets sometimes set a number of restrictions and limitations on the selling shareholders in secondary offerings, and these limitations include a limitation on the number or percentage of sale shares.
New Media said in its filings for the secondary offerings it would use the funds in part to buy more newspapers.
The Quadrangle Funds that will be able to sell up to 5.7m shares of Lumos Networks common stock in secondary offerings while the registration statement remains effective, informed the company that they have no current intention to do so and the company mentioned that the filed registration statement is yet to become effective.
The company said that the departure of these directors is as a result of a re-organization of the board resulting from the recent secondary offerings of its ordinary shares by its sponsor shareholders.