Secondary offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market absorbs the additional supply. Given that Mondee Holdings is directly initiating this offering, it is highly relevant to the company's stock. The importance is significant as it affects shareholder value, but not at the highest level as the market may have anticipated such moves. The confidence in this analysis is high due to the typical market reaction to secondary offerings, but not absolute as market conditions and investor sentiment can vary.