Home > Terms > English, UK (UE) > Discounted secondary
Discounted secondary
Secondarys that get priced at a discount to the previous trade. This is done solely as a pre-arranged transaction between the underwriter and the issuer. It is generally thought upon to be necessary for some issues as an inducement for the new shareholders,
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- Part of Speech: noun
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- Industry/Domain: Banking
- Category: Initial public offering
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