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

Tesla CEO Elon Musk remained solidly in first place of the billionaire horse race for the year, according to the Bloomberg Billionaires Index, fueled at year end with an approximate $800 billion valuation of SpaceX related to a potential secondary offering reported by The Wall Street Journal External link.

From Barron's

The price in the secondary offering was $421 a share, the report said, up from a July price of about $212 from a private market transaction.

From Barron's

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

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