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secondary market
noun
the market that exists for an issue after large blocks of shares have been publicly distributed.
Example Sentences
Another former employee who worked in Ticketmaster's resale technical team, who also wanted to remain anonymous, told the BBC his team would work closely with touts, developing software that helped them sell tickets in the secondary market.
"We think it is absolutely right that artists should be able to price a small amount of the tickets at a higher price to be able to keep overall prices down and capture some of that value away from the secondary market," he said.
The pop-up, called the MLB Tokyo Series collection, preceded the two-game, season-opening series in Japan between the Dodgers and Chicago Cubs, and items soon hit the secondary market for four times the purchase price.
Note that you can find passes on the secondary market, but buyer beware.
Tickets for the game were selling on the secondary market for upwards of $600.
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