The financial markets cannot be all that worried about geopolitics and trade uncertainties if investors were to focus only on the raw number of dollars that is being targeted for secondary offerings. Underwriters look to be rather busy, with multiple deals announced after the close of trading on September 4, 2019.

24/7 Wall St. tracked $1.5 billion worth of combined secondary offering announcements from seven companies, but there was another $1.5 billion offering that brings the total amount of secondary offerings to over $3 billion within in an hour after the close. While this is not the largest that has ever been seen, it is far from just another afternoon.

Unlike initial public offerings with market capitalization being much higher, all shares sold in a secondary offering have to be taken in full. Here are eight secondary offerings that have been filed with a grand tally of about $3 billion combined.

Appian Corp. (NASDAQ: APPN) has announced the launch of a proposed underwritten public offering of 2,329,000 class-A shares. Of the total, 1,825,000 shares are being offered by Appian and 504,000 shares by its existing stockholders. The stock closed at $58.00, so the total offering before factoring in fees and commissions will be close to $140 million, if made at or close to the closing price.

Ceridian HCM Holding Inc. (NYSE: CDAY) announced a public secondary offering of shares. The human capital management software company showed that backers and insiders were making the stock sales. Affiliates of Thomas H. Lee Partners, Cannae Holdings and David D. Ossip, board chair and chief executive officer of the company intend to offer the following shares: 5,500,000 from THLP, 2,000,000 from Cannae and 500,000 from Ossip. Also included in the notation of this secondary was that the 500,000 common shares offered by Ossip make up 10.3% of his beneficial ownership prior to the offering. The 8 million shares in total would be just over $450 million worth of shares at the $57.45 closing price.

GMS Inc. (NYSE: GMS) has commenced an underwritten secondary public offering of 6,825,058 shares of common shares that will be sold by an affiliate of AEA Investors. All the shares are from the selling stockholder, so the company itself will not receive any proceeds. Its market cap was roughly 1.2 billion at the close, and the $28.64 share price would generate about $195 million in proceeds from the offering that the market has to absorb, before factoring in fees and commissions.

iRhythm Technologies Inc. (NASDAQ: IRTC) has announced that it has commenced an underwritten public offering of $100 million worth of common shares, but all the shares being sold by iRhythm. The digital health care solutions provider targeting advanced cardiac expects to grant the underwriters a 30-day greenshoe option of an additional $15 million worth of shares. At $74.52 at the close, it has a market cap of $1.78 billion, and the 52-week trading range is $58.99 to $98.37.

Lexington Realty Trust (NYSE: LXP) has commenced an underwritten public offering of 10 million common shares, and the real estate investment trust (REIT) has a $2.44 billion market cap as of the close. The REIT will grant its underwriters a 30-day option to purchase up to an additional 1.5 million common shares to cover overallotments, and the REIT intends to use the additional proceeds for working capital and general corporate purposes. Closing at $10.46, it traded down over 2% on the news. This would be close to $100 million in net proceeds without factoring in the overallotment option.

National Retail Properties Inc. (NYSE: NNN) has commenced an underwritten public offering of 6 million of its common shares and will grant an overallotment option for up to 900,000 additional shares. The company said that it intends to use the net proceeds from this offering to redeem its outstanding depositary shares that are part of a cumulative redeemable preferred stock series. With a $9.4 billion market cap, it closed at $57.68 a share. This offering would be more than $340 million, without factoring in commissions and fees or the overallotment.

NextEra Energy Inc. (NYSE: NEE) already has crossed above the $100 billion market cap threshold, but the utility intends to sell $1.5 billion of equity units in a stated amount of $50 per unit. The company noted that each equity unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings note due in 2024. The company already has made an offering of NextEra Energy Partners L.P. (NYSE: NEP) in the past.

uniQure N.V. (NASDAQ: QURE) has commenced an underwritten public offering of $200 million of its ordinary shares, and all the shares are being offered by the gene therapy company itself. The company will grant the underwriters a 30-day option to purchase up to $30 million of additional ordinary shares.

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