OTIS 424B2: Secondary offering
Filed with the SEC on · accession 0001140361-26-041974
OTIS filed a 424B2 (prospectus (offering)) with the SEC on Nov 4, 2026. The final terms of an offering of shares or bonds. The stock moved +3.9% by the first close after the filing.
Summary of the filing
Otis Worldwide Corporation priced a public offering of $500 million in 5.825% fixed-rate notes due 2036, with proceeds of approximately $496.75 million before expenses.
Key details
How OTIS stock reacted
Close before
$76.82
Nov 3, 2026
First close after
+3.87%
$79.79
5 trading days
—
Since filing
+3.48%
$79.49
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Click hereFrequently asked questions
What did OTIS file with the SEC on Nov 4, 2026?
OTIS filed a 424B2 (Secondary offering). Otis Worldwide Corporation priced a public offering of $500 million in 5.825% fixed-rate notes due 2036, with proceeds of approximately $496.75 million before expenses.
What does a secondary offering mean for OTIS stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B2?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did OTIS stock react to this filing?
OTIS closed at $76.82 before the filing and $79.79 on Nov 4, 2026 (+3.87%).
Other OTIS SEC filings
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