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Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937
Textbook Problem
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Is an initial public offering an example of a primary or a secondary market transaction? Explain.

Summary Introduction

To identify: Whether initial public offering is the transaction of primary market or secondary market.

Introduction:

Initial Public Offering: It refers to the offering which is done first time by any private corporation to invite the public to buy the stock in the primary market. To raise the more funds company go for initial public offering.

Explanation
  • Primary market is the place where the companies firstly invite to the public to buy the shares.
  • Before the initial public offe...

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