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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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