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English definition of “secondary offering”

secondary offering

noun [C]     FINANCE, STOCK MARKET
(also secondary distribution) an occasion when a company issues new shares , but not for the first time , or the number of shares involved → Compare IPO, public offering
an occasion when a shareholder sells a large number of a company's shares , or the number of shares involved : The holding corporation announced yesterday that it had shelved plans to conduct a secondary offering of shares in TAM, Inc .
(Definition of secondary offering noun from the Cambridge Business English Dictionary © Cambridge University Press)
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