special offering

special offering

A secondary distribution on the floor of the New York Stock Exchange by an exchange member. A special offering is generally priced at the current market price of the security being offered, with the seller absorbing all costs. Thus, members buying parts of the offering for their clients or their own inventory can avoid any fees. The selling member is able to sell a block of stock without having to give a price concession to buyers.
References in periodicals archive ?
The Presbyterian Mission Agency Board has approved the recommendations of the Special Offerings Advisory Task Force--which is proposing changes in the four Special Offerings the Presbyterian Church (U.S.A.) collects each year, with the goal of raising $20 million from the offerings per year by 2020.
"There is great interest in supporting global mission in our churches," said Marci Auld Glass, a pastor from Idaho and a member of the Special Offerings Advisory Task Force.
The PC(USA) would "send the ambassadors on mission trip-type experiences" to places where Special Offerings funds are being used, so they could "come back and tell their story and share what they've seen," she said.
About $225,000 has been budgeted for the ambassador program for 2014, said Sam Locke, the PC(USA)'s director of Special Offerings. No amounts have been determined yet for the program for 2015 and 2016, Locke said.
"News of these special offerings seems to have spread through out the area, and we are very pleased at the number of people who showed interest in opening new NorCrown accounts," noted Paparrato.
Secondary in importance only to our international acquisition courses are the various seminars, forums, symposiums, and special offerings that DSMC conducts regularly or occasionally.
Our engagement program begins to weaken with special offerings and continuous learning.
Special offerings conducted biennially for Pacific Command should be expanded to the European Command.

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