Spot secondary

Spot secondary

Secondary distribution that may not require an SEC registration statement and may be attempted without delay. An underwriting discount is normally included in these offerings.

Spot Secondary

A secondary offering that is not registered with the SEC. A spot secondary must meet certain requirements in order to avoid registration. Specifically, they are usually offered to institutional investors rather than the general public. Generally speaking, a spot secondary is faster than other secondary offerings; issuers usually offer a discount for underwriting services on a spot secondary.