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 offering consists entirely of secondary shares to be sold by the selling stockholders who will receive all of the proceeds.
By selling a mix of primary and secondary shares, the plan would raise fresh funds for MPHHI while also pushing an asset selldown for its parent conglomerate Metro Pacific Investments Corp.
Cal-Comp in its filing said it will offer some 371.42 million shares for its primary offering with an overallotment option of 55.71 million secondary shares for up to P25 apiece, or raising a total of P10.68 billion.
Documents filed with the SEC show that the firm plans to offer 371.42 million shares (Firm shares) with an overallotment option of 55.71 million secondary shares for up to P25 apiece.
The IPO will mainly consist of secondary shares with existing CSB Bank shareholders selling up to 19.78 million CSB Bank equity shares through an offer for sale.
SMFB cut the offer size from 1.02 billion secondary shares which were originally priced at P140 per share.
They said the deal, which is likely to be carried out in tranches, will include purchase of primary and secondary shares. Another person said, early investors like Tiger Global could look at a complete exit from the e-commerce company post the transaction.
Atlas Mara will also purchase applicable secondary shares from local shareholders, resulting in the company havinga controlling stake of over 70% in the combined entity.
According to the prospectus, it would consist of all secondary shares as it is not intended to offer primary shares.
As a result Isovoltaic's free float is to reach 45%, consisting mostly of secondary shares, sold by current stockholders.
The company will receive no proceeds from the sale of the secondary shares.
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.

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