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

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

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

Despite the caution around IPOs, energy and power companies had the greatest share of issuance in the first nine months of 2022, with C$3 billion worth of secondary offering according to data from Refinitv.

From Reuters • Oct. 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

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