secondary offering

noun

, Stock Exchange.

1. the sale of a large block of outstanding stock off the floor of an exchange, usually by a major stockholder.

Example Sentences

The state-controlled group sold 18 million shares in the upsized public secondary offering, leaving it with a 73.3% stake in DRS.

From Reuters

Leonardo late on Wednesday said it would launch a public secondary offering of 16.5 million shares, or a 6.3% minority stake in DRS, worth about $344 million, according to Reuters calculations, reducing its holding to just below 74%.

From Reuters

Morgan are joint bookrunning managers for the secondary offering.

From Reuters

Morgan are joint bookrunning managers for the secondary offering.

From Reuters

LLC, Citigroup and Morgan Stanley are acting as joint bookrunning managers for the secondary offering.

From Reuters