Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What is a “Subscription Rights Offering” of a stock one owns?
After a company goes public, if it wants to raise more money, then it does this by secondary public offering or rights issue. In subscription rights issue gives the right to existing share holders to buy new shares at equal proportion. So if every one buys, they maintain the same percentage of ownership. Generally the pricing is at discount to current market price. Not sure why the price is high, unless the price for this stock fell sharply recently.