secondary distribution

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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 ?
Asahi Kasei Corporation (TSE1: 3407), a diversified chemical manufacturer based in Japan, announced today the completion of the subsequent offering period offered by its indirect wholly owned US subsidiary, Asclepius Subsidiary Corporation, for the remaining shares of common stock of ZOLL Medical Corporation (NasdaqGS:ZOLL), a developer and marketer of medical devices and software solutions.
The suitor also said it was launching a subsequent offering period, to run until 6 May, during which shareholders will be able to tender the remaining shares in Celera.
9 March 2010 - Norwegian food supplements provider Nutri Pharma ASA (OSL: NUT) said Monday evening it raised gross proceeds of NOK200,914 in a subsequent offering, in which a total 100,457 shares were subscribed for.
The company said that it will continue to pursue the spin-off of the four remaining wholly-owned subsidiaries, all of which are Tennessee corporations, through a subsequent offering of units.
Tomy further said it had managed to secure 89.8% of RC2's outstanding capital until the end of the initial and subsequent offering periods.
8 March 2010 - Norwegian company Nordic Mining ASA (OSL: NOM) said last Friday it will carry out a subsequent offering of up to 10 million new shares, towards the shareholders who were not invited to participate in the NOK20m private placement last month.
M2 EQUITYBITES-December 19, 2011-Laboratory Corporation of America Holdings acquires Orchid Cellmark Inc in subsequent offering period(C)2011 M2 COMMUNICATIONS http://www.m2.com
Kratos has today initiated a subsequent offering period for the remaining minority shares, which will expire at midnight on 29 March.
The company also intends to carry out a subsequent offering of up to six million new shares, at a subscription price of NOK3, to be offered to shareholders as of today, who did not participate in the placement.
Hapoalim said that it would hold a roadshow with investors in coming weeks, with a subsequent offering dependent on demand.
M2 PHARMA-January 23, 2018-Novartis announces completion of tender offer for Advanced Accelerator Applications SA and commencement of subsequent offering period