About this document
Understanding Primary and Secondary Markets by Chetty Chetan is a document available to read on EtoBox.
The primary market deals with the initial issuing of new securities. Companies and governments raise funds by selling new stocks and bonds through the primary market, often via investment banks. The primary market serves as the initial market for new long-term equity capital, as securities are first issued here before being traded on any other exchange. It allows companies to directly issue securities to investors without intermediaries.
- Author
- Chetty Chetan
- Language
- EN