Meaning of “secondary offering” in the English Dictionary

"secondary offering" in Business English

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secondary offeringnoun [ C ]

uk us 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

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)