Glossary · Regional
Offer-for-sale (OFS)
Definition
An IPO structure where existing shareholders sell their shares to the public, as opposed to the company issuing new shares — meaning the listing raises no fresh capital for the company itself.
Why it matters for a secondary
OFS is the dominant exit mechanism for India's biggest secondaries — NSE, SBI Funds Management, and Zepto's secondary tranche all used a 100% or partial OFS structure — making the IPO itself the liquidity event rather than a separate private sale.
Frequently asked questions
Does "Offer-for-sale (OFS)" apply the same way everywhere in Asia-Pacific?
No. Each market in this glossary has its own regulator, corporate forms, and rules — this term is specific to Regional. Check the linked market page for the fuller picture.
Is this legal or financial advice?
No. This is orientation for investors and allocators, not legal or financial advice. Confirm current rules with a licensed adviser in the relevant market before acting on anything here.