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.

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Example Sentences

The stock tumbled the next day after announcing a large public secondary offering.

From Barron's • Mar. 12, 2026

Coller, for example, in July raised $6.8 billion for its latest private-credit secondary offering, more than four times the $1.4 billion it amassed for its previous private-credit secondary fundraise in 2022.

From The Wall Street Journal • Oct. 8, 2025

No new shares have been issued in the secondary offering, but the company indicated to investors that they may do so later this year, said one of the sources, who asked not to be identified.

From Reuters • May 17, 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

He was encouraged by the progress his change-up made last season but thought his slider, historically his best secondary offering, regressed.

From Washington Post • Feb. 26, 2018