Secondary issue

Secondary issue
1) Procedure for selling blocks of seasoned issues of stocks.
2) More generally, sale of already issued stock.
Take-out ...

Secondary Issue
Refers to the redistribution or resale of previously issued securities to the public by a dealer or investment dealer syndicate.

Secondary issue
A secondary issue is both a (a) procedure for selling blocks of seasoned issues of stocks or (b) more generally, the sale of already issued stock.

group of dealers appointed by the syndicate manager of an underwriting group , as agent for the other underwriters, to market a new or secondary issue to the public; also called selling syndicate.

Floating - Term often used by brokers to describe the distribution of a new or secondary issue through a public offering.

where the seller is the issuing corporation. The sale is handled off the NYSE, 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 issue ...

usually pay little or no dividends, instead preferring to use profits to finance future expansion and growth. Value investors prefer to own companies at good prices, and growth investors prefer to own great companies and price is a secondary issue.

See also: Seasoned issue, Regulation a, Offering statement, Registration statement, Cash offer