See also: secondary offering
public sale of previously issued securities held by large investors, usually corporations or institutions, as distinguished from a primary distribution, where the seller is the issuing corporation. The sale is handled off the NYSE, by a securities firm or a group of firms, and the shares are usually offered at a fixed price related to the current market price of the stock. Bloomberg Financial Dictionary
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See secondary offering Exchange Handbook Glossary
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secondary distribution UK US noun [C] FINANCE, STOCK MARKET
► SECONDARY OFFERING(Cf. ↑secondary offering)
Financial and business terms. 2012.