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 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 • Dec. 13, 2025

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

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

The group of insiders then sold 20.3 million shares of stock for $236.7 million in a secondary offering at $12 per share, according to court records, with Pincus selling $192 million of stock.

From Reuters • Dec. 5, 2016