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secondary market
noun
the market that exists for an issue after large blocks of shares have been publicly distributed.
Example Sentences
According to Victory Live, which analyzes verified ticket resale data across the secondary market, ticket sales for Lakers games jumped 25 times higher after James’ teaser post and the average price for those tickets increased from $280 to $399.
The increase in private equity holdings also comes amid Harvard’s plans External link to sell $1 billion of its private equity holdings into the secondary market.
In the report, Narvekar said the university has used the secondary market for private equity as a “strategic tool” for eight years.
Jefferies pulled the refinancing effort after investors lost confidence in First Brands’ financial disclosures and its corporate loans started tanking in the secondary market.
The secondary market for private-credit assets may be much smaller and younger than its private-equity counterpart, but it is rapidly gaining ground.
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