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secondary market
noun
- the market that exists for an issue after large blocks of shares have been publicly distributed.
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Example Sentences
The latest bids in the secondary market for Robinhood shares equate to a valuation of around $40 billion, according to data from Rainmaker Securities.
For the past several months, the Federal Reserve has been buying mortgage-backed securities — or MBS as they are often known — which are bundles of mortgages sold on a secondary market.
More recently, it has fetched a valuation of about $5 billion on the secondary market, Bloomberg has reported.
The secondary market valuation is an important element of a company’s price discovery process in a direct listing, since no new shares are sold.
Asana has recently been trading on the secondary market at a value of around $5 billion, a person with knowledge of the matter told Bloomberg this month.
Over the past three years, Michigan has had an average price close to $200 on the secondary market.
Just four years ago, the average price for Clippers tickets on the secondary market was less than half that of the Lakers.
As it is, amidst mixed reviews and controversy, prices for the Bangerz tour on the secondary market continue to drop.
Some states use the system on the secondary market, others do not.
Some use the system for background checks on purchases on the secondary market and others do not.
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