Primary market

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Primary market is a market in which newly issued securities are sold for the first time.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Primary market. Markets in which newly issued securities are sold for the first time.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Primary markets. Markets in which corporations raise capital by issuing new securities.

Related concepts

Related lectures