Primary Market

In the primary market, new shares and bonds are sold to the public for the first time.

In the primary market, investors can purchase securities directly from the issuer.
Types of issuances in the primary market include initial public offering (IPO), private placement, rights issue and preferred distribution.
Instead, stock exchanges are secondary markets where investors buy and sell from each other.
After being issued on the primary market, securities are traded between investors on the so-called secondary market - in fact, on the usual exchanges.

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