Primary market
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
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
