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secondary offering

American  

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

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Apotex, Canada’s largest domestic pharmaceutical company, raised C$850 million from a treasury offering and C$450 million from a secondary offering.

From The Wall Street Journal ● Jun. 10, 2026

Diamondback Energy shares reached a 52-week high of $182.86 on Monday, then tumbled following a large secondary offering.

From Barron's ● Mar. 12, 2026

Dinstuhl declined to say how much Thyssenkrupp would sell as part of a secondary offering in case of an IPO.

From Reuters ● Jan. 13, 2022

Entities affiliated with Mailchimp co-founder Dan Kurzius priced a secondary offering of shares of the TurboTax maker below their previous closing price.

From Seattle Times ● Nov. 30, 2021

The billionaire is selling stock in the Columbus, Ohio-based retailer through a secondary offering managed by JPMorgan Chase, according to a regulatory filing Thursday.

From Washington Post ● Jul. 15, 2021

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