secondary offering
noun [ C ]
FINANCE, STOCK MARKET ukus (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.