A secondary distribution, or public offering of already-issued shares, which the company is not required to file with the SEC. This results in a quicker offering, but must meet certain SEC requirements. Shares issued as part of a spot secondary are generally offered at a discount to institutional investors.
Related information about spot secondary:
- Spot Secondary Definition | Investopedia
Certain requirements must be met to avoid registration. A spot secondary offering is typically offered to institutional investors instead of the general public.
- Spot Secondary - Financial Dictionary - The Free Dictionary
Secondary distribution that may not require an SEC registration statement and may be attempted without delay. An underwriting discount is normally included in ...
- What is spot secondary? definition and meaning
Definition of spot secondary: A secondary distribution, or public offering of ... Shares issued as part of a spot secondary are generally offered at a discount to ...
- Sealed Air 15.03M share Spot Secondary priced at $16.70 - Yahoo ...
Nov 14, 2012 ... From Yahoo! Finance: The deal priced at the bottom of the $16.70-$16.90 range. Barclays acted as sole book running manager for the offering.
- GNC Holdings 11.73M share Spot Secondary priced at $35.20 ...
Nov 8, 2012 ... From Yahoo! Finance: JPMorgan acted as sole book running manager for the offering.
- Excel Trust 8.5M share Spot Secondary priced at $12.00 - Yahoo ...
Oct 25, 2012 ... From Yahoo! Finance: The deal range was $12.00-$12.10. BofA/Merrill, Morgan Stanley and Raymond James acted as joint book running ...
- spot secondary distribution - Business Definition
spot secondary distribution definition: A secondary distribution by security holders not affiliated with the issuer such that the distribution does not require ...
- Spot Secondary Definition & Example | InvestingAnswers
We explain the definition of Spot Secondary, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.