secondary shares


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secondary shares

Shares in a stock offering in which proceeds go to other investors rather than the issuing company. Secondary shares have been previously traded and will not result in an increase shares outstanding. Compare primary shares.
References in periodicals archive ?
The private placement is expected to include issuance of primary shares and transfer of secondary shares of VIL to institutional investors.
Al Noor is expected to have a free float of 31-34 per cent resulting from the sale of primary and secondary shares.
The underwriters exercised a portion of their over-allotment option and 830,000 secondary shares were sold by TeamHealth's principal stockholder, Ensemble Parent LLC, an investment fund affiliated with The Blackstone Group L.
As a result Isovoltaic's free float is to reach 45%, consisting mostly of secondary shares, sold by current stockholders.
The majority shareholders may offer another block of secondary shares shortly after the IPO, targeting $100 mln.
filed a Form S-1 with the SEC for an offering that will consist of primary shares to be sold by LPL and secondary shares to be sold by some of its existing minority stockholders.
They are offering 33 percent of KDG s share capital, before a greenshoe, confirming an earlier Reuters report that they intended to sell a smaller stake than the 45 million of secondary shares mentioned in KDG s prospectus.
The offering will consist of 20,699,510 primary shares to be sold by the company, and 9,700,490 secondary shares to be sold by existing stockholders.
6 per cent of shares to be sold in the IPO are secondary shares being sold by Amwal Al Khaleej Commercial Investment.
6pc of secondary shares being sold by Amwal Al Khaleej Commercial Investment Company.
It will mean that our involvement as a secondary shares dealer will finally come to an end.
A majority of the secondary shares will be sold by Milton Cohen, retired former chairman and co-founder, and his family, Lifetime added.

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