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

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

From Barron's

Sandisk announced a $3.09 billion secondary offering of its shares.

From Barron's

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