... Shares, the Risks and Opportunities for Investors, and How to Make Informed Decisions in Such Transactions in Both Russian and International Markets. Secondary Public Offering... ... trading. Risks: Ownership dilution. Issuing a large volume of shares can lead to a reduction in the total value of each shareholder's stake. After an SPO, there are more... ... offer price relative to current stock quotes. If the offering is significantly more expensive than the current price, think twice. Sometimes, it may be more advantageous...