What is a Spot Secondary?
A spot secondary is a secondary stock offering that doesn't require the company to register with the Securities and Exchange Commission (SEC).
How Does a Spot Secondary Work?
A spot secondary is generally a transaction with just one type of holder -- usually institutional investors -- and so it is not subject to the typical underwriting protocol associated with issuing stock.
Why Does a Spot Secondary Matter?
Since spot secondary issues avoid the time and costs associated with the normal SEC filing procedure, they are often more quickly distributed and discounted relative to shares sold to the public at large.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
You probably should have read this article before you took your first job out of college. And you definitely should have read it before you walked into your company's HR office and signed on the...
Read More →
Americans spend $74 billion annually on hidden credit card fees, most...
Read More →
Warren Buffett is one of the few investors who has achieved truly cult-like status. Fondly known as the "Oracle of...
Read More →
With another tough winter looming in the future, many aging baby boomers are dreaming of the day that they can pull up...
Read More →
As recently as the 1970s, inflation was one of the biggest concerns for investors around the globe. Inflation then became...
Read More →
