Why would I buy shares of a secondary offering, which requires me to commit to certain share price and wait until trading begins before I can sell. Wouldn't it make more sense to just go on the open market and buy the existing shares while the stock is still trading?
With an ipo there seems to be a benefit as the shares are usually priced at a slight discount to their intrinsic value. But is the same true of secondary offerings?
Submitted November 17, 2021 at 10:43PM by HumanCattle https://ift.tt/3wXeA0d
