primary shares


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Primary Shares

Shares traded in the primary market. That is, a primary share is a share traded when the seller is the issuer. Thus, the money the buyer pays for a primary share goes directly to the company the share represents.

primary shares

Shares in a stock offering in which proceeds go to the issuing company. Primary shares have not been previously traded and are not included in shares outstanding prior to the offering. Compare secondary shares.
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Last year, Cal-Comp had hoped to raise P6.77 billion from the sale of 378.07 million primary shares to fund its planned facilities expansion, acquisition of new equipment, and research and development.
Proceeds from the sale of primary shares will be used to invest In morel hospitals, cancer centers, clinics and new healthcare businesses.
Also part of the sale is AC Energy's subscription to around P2.6 billion worth of primary shares of Phinma Energy at par value.
KKR Real Estate Finance Trust Inc (KREF) (NYSE:KREF) began a public offering of 4,500,000 shares of its common stock that comprises of 500,000 shares to be issued and sold by KREF (the primary shares) and 4,000,000 shares to be sold by certain of KREF's existing stockholders (the secondary shares and together, the shares), it stated on Thursday.
26 March 2018 - Hong Kong-based resort, hospitality and gaming company Galaxy Entertainment Group (HKEx stock code:27) has agreed to purchase 5.3m primary shares of US-based casino operator Wynn Resorts, Ltd.
Galaxy Entertainment Group and Wynn Resorts announced that Galaxy Entertainment has agreed to purchase 5.3M primary shares of Wynn Resorts at a price of $175 a share, resulting in $927.5M of gross proceeds to Wynn Resorts.
Manila Water said that MWSAH has inked an investment agreement with Saigon Water to buy a further 6.15 million primary shares in Saigon Water.
Under this investment, the company invested a total of USD22.2mn in primary shares in the context of a larger USD60m financing round.
Sinclair Broadcast Group shares were off 3.9%, to $41.25, as investors reacted negatively to the company's pricing of an underwritten public offering of 12 million primary shares of Class A common stock at a price to the public of $42.
Consistent with the predictions of these nonmutually exclusive theories for the issuance of primary shares, Loughran and Ritter (1995) and Spiess and Affleck-Graves (1995) document statistically and economically significant negative long run post-issue abnormal returns for new equity issuers.
16 October 2013 -- Financial services firms BofA Merrill Lynch (NYSE: BAC) Citigroup Global Markets (NYSE: C) Credit Suisse Securities (NYSE: CS) and Barclays Capital (NYSE: BCS) said they are acting as joint bookrunners for Indiana-based consumer finance firm Springleaf Holdings Inc's (NYSE: LEAF) initial public offering of 11,631,667 primary shares of common stock as well as 9,413,481 secondary shares of common stock which has at USD 17.00 per share.
The transaction includes 24,253,987 of Class A shares, and an option for 30 days to purchase up to an additional 2,425,399 Class A shares; no primary shares are offered as part of the SPO.