A seasoned equity offering or secondary equity offering (SEO) or capital increase is a new
equity issued by an already
publicly traded company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (li ...
. Seasoned offerings may involve shares sold by existing shareholders (non-dilutive), new shares (dilutive), or both. If the seasoned equity offering is made by an issuer that meets certain regulatory criteria, it may be a
shelf offering.
See also
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Initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
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Public offering
A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be listed on a stock exchange. In most jurisdictions, a public offering requires the issuing company to publish ...
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Reduction of capital
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Rights issue
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it c ...
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Secondary market offering
A secondary market offering, according to the U.S. Financial Industry Regulatory Authority (FINRA), is a registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held b ...
External links
UNDERWRITER CHOICE AND ANNOUNCEMENT EFFECTS FOR SEASONED EQUITY OFFERINGS by Fredrick P. Schadler* and Timothy L. ManuelInvestopedia: Secondary Offering
Corporate finance
Stock market
Equity securities
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