SECONDARY OFFERING

Secondary Offering may be one of two things. The first definition is that it is the issuance of a new stock to be sold publicly from a company who has previously issued an IPO. These kind of secondary offering are typically done by companies who intend to refinance or raise capital. Money that yield from the sale of secondary offerings typically go to the company through the investment bank underwriting the offering where the investment banks are issued an allotment or overallotment that they may or may not choose to implement. The second definition of a secondary offering is that it is the sale of securities where one or more of the major stockholder of a company choose to sell a hefty amount of their respective holdings.

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