Secondary offering

So Novavax have initiated a secondary offering of 30million shares at $1.65, the stock price has declined by about 15%.

Am I correct in thinking that when volume crosses 30million, the offering is complete? Or are these new shares sold separately from the public?

Submitted April 12, 2018 at 11:19AM by tommeetucker https://ift.tt/2GWowAE