secondary offering


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Secondary Offering

An IPO in which privately held shares in a corporation are sold to the public.

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.

secondary offering

Secondary offering.

The most common form of secondary offering occurs when an investor, usually a corporation, but sometimes an individual, sells a large block of stock or other securities it has been holding in its portfolio to the public.

In a sale of this kind, all the profits go to the seller rather than the company that issued the securities in the first place. The seller usually pays all the commissions.

Secondary offerings can also originate with the issuing companies themselves. In these cases, a company issues additional shares of its stock, over and above those sold in its initial public offering (IPO), or it reissues shares that were issued and have been bought up by the company over time. Reissued shares are known as Treasury stock.

References in periodicals archive ?
Cadence Bancorporation (NYSE: CADE) has announced the commencement of a registered public secondary offering of 14.5% of its outstanding common stock, or 12,099,757, the company said.
Potential purchasers of common stock in the Secondary Offering should consider carefully the information contained in the preliminary prospectus supplement and the accompanying prospectus and other documents that the Company has filed with the SEC for more complete information about the Company, the Selling Shareholder and the Secondary Offering.
(NYSE: OOMA) stockholders affiliated with Worldview Technology Partners intend to offer shares of the company's common stock for sale in an underwritten secondary offering, the company said.
This past May, the KKR affiliates sold 15 million WBA shares in an underwritten secondary offering, followed by the sale of another 15 million shares in an underwritten secondary offering in August.
Since the IPO, Simpson Thacher has represented the underwriters on secondary offerings by Carlyle for CommScope aggregating more than $3.9 billion.
Non-magnetic IV infusion pump company IRadimed (NasdaqCM:IRMD) revealed on Friday that it has priced its secondary offering of 1,043,479 shares of its common stock at USD24.25 per share.
Put simply, under the New Law, in a secondary offering, selling founders may not sell shares to the public in excess of 30% of the issued capital of the company.
The secondary offering increased New Media's "float" -- the number of shares outstanding -- to about 37 million, giving the company the third-highest market value among publicly traded newspaper businesses.
DST Systems' obligation to consummate its previously announced repurchase of common stock from the Argyros Group at a price of USD82.32 per share is conditioned on the completion of this secondary offering.
William Ackman, the largest shareholder in JC Penney said last Monday heA was selling at the same per-share price his 18% interest in the retailer, held via Pershing Square Capital Management, in a secondary offering that was supposed to complete last Friday.
Spirit Airlines, a US-based low cost airline, has announced the pricing of a secondary offering to the public.
The Mosaic Company (NYSE: MOS), a producer of concentrated phosphate and potash crop nutrients, is planning to effect a registered secondary offering of its common stock by the Margaret A.