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LSDefine

Simple English definitions for legal terms

secondary offering

Read a random definition: lex regia

A quick definition of secondary offering:

A secondary offering is when someone who bought a stock in the first sale decides to sell it to someone else. The company that issued the stock doesn't get any money from this sale. Sometimes, the person selling the stock is not allowed to do so unless they follow certain rules. If the first sale was public, they can sell it freely. But if it was a private sale, they need to follow special rules before they can sell it again.

A more thorough explanation:

A secondary offering is when someone who bought a security in a primary offering sells it to another person. This means that the issuer of the security does not receive any money from the sale.

For example, if a company sells shares of stock to the public for the first time in a primary offering, and then a few months later, one of the people who bought those shares decides to sell them to someone else, that is a secondary offering.

However, there are some restrictions on selling securities in a secondary offering. If the primary offering was public, then the seller can usually sell their shares freely. But if the primary offering was private, then the seller may not be able to sell their shares unless they meet certain requirements.

Overall, a secondary offering is a way for investors to buy and sell securities after they have already been issued in a primary offering.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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