Secondary distribution/offering - Used in the context of general equities. Public sale of previously issued securities held by large investors, usually corporations, or institutions as distinguished from a primary distribution, where the seller is the issuing corporation. The sale is handled off the N.Y.S.E., by a securities firm or a group of firms and the shares are usually offered at a fixed price related to the current market price of the stock.
Secondary distribution/offering : used in the context of general equities. public sale of previously issued securities held by large investors, usually corporations, or institutions as distinguished from a primary distribution, where the seller is the issuing corporation. the sale is handled off the n.y.s.e., by a securities firm or a group of firms and the shares are usually offered at a fixed price related to the current market price of the stock.
Secondary distribution/offering