StarFoxisDown!
Well-Known Member
The term secondary offering originally referred to a major shareholder selling a large amount of already existing shares. New shares issued by an already public company are referred to as a subsequent or follow-on offering. In recent years, there has grown a tendency to refer to both quite different types of offerings as secondary. That can be confusing, so I avoid using the term secondary offering unless in regard to its original meaning.
Good to know Curt .
I think we can officially retire "Secondary" now