Secondary Public Offering


Also found in: Acronyms.

Secondary Public Offering

Any issue of stock after the initial public offering. That is, in a secondary public offering, a company sells shares that it has not previously issued. This increases the number of shares outstanding, which can (though does not always) lead to dilution of share value. A secondary public offering occurs on the primary market and therefore should not be confused with secondary market transactions.
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Packaged food company Hostess Brands Inc (Nasdaq:TWNK) reported on Thursday the completion of a secondary public offering of 12 million shares of its Class A common stock by its chairman C.
After recently finalizing the secondary public offering for the state-owned Transgaz, the Romanian government wants to sell a 10 percent share package in another state company, Nuclearelectrica, which will happen after May 15, according to the Minister Delegate for Energy, Constantin Nita, Romania Insider reports.It is the first time in recent years when we have actually lived up to international agreements.
Meanwhile, Babacan said a planned secondary public offering for state-run lender Halkbank may be as high as a 24 percent stake and could be held in the coming months, given the right market conditions.
United States-based CVR Energy Inc (NYSE: CVI) has announced the price of a registered underwritten secondary public offering of 23,610,218 shares of the company's common stock by selected stockholders.
Another big benefit: PIPEs can be adequately negotiated with the help of internal corporate counsel, making them cheaper to initiate than a secondary public offering, which likely will require engaging expensive investment bankers and spending heavily on a road show.
Decision support software house MicroStrategy Inc said Wednesday that it completed a secondary public offering of 2.0 million shares of its common Stock at a price of $27, raising $54m.
This secondary public offering is initiated by certain selling stockholders at the company at USD56.25 per share.
FB Financial Corporation (NYSE: FBK) has announced the launch of an underwritten secondary public offering of a total of 3,200,000 shares of its common stock, the company said.
Richmond, Va: Union Bankshares Corporation announced the pricing of secondary public offering by which ACMO-HR, L.L.C.
Compliance solutions company Workiva Inc (NYSE:WK) reported on Monday the launch of its secondary public offering of an aggregate of 1,287,038 shares of its Class A common stock.
BANKING AND CREDIT NEWS-March 21, 2018-Arch Capital Group closes secondary public offering
Global Banking News-July 9, 2019-Liberty Oilfield Services reports secondary public offering of 8,000,000 Class A common stock shares
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