二次发行：股权再融资

 A secondary offering, or a seasoned equity offering or SEO, occurs when a publicly traded company issues additional shares to raise capital after its IPO. 

This can be done for funding expansion, paying off debt, acquisitions, or financing working capital.

SEO can be done by either using a cash offer or a rights offer.

In a cash offer, the company issues new shares, increasing the total number of shares available in the market and may dilute the ownership percentage of existing shareholders.

In a rights offering, a company issues new shares but offers existing shareholders the opportunity to buy them first, allowing them to maintain their ownership percentage.

For example, Beta Corporation had its IPO in twenty-twenty, raising five hundred million dollars. 

In twenty twenty-four, the company decided to expand its operations and needed additional capital. 

Beta Corporation carried out an SEO to fund this expansion, issuing ten million new shares at thirty dollars per share, raising three hundred million dollars. 

While this increased the number of outstanding shares, the company used the funds for growth, benefiting shareholders in the long run.