The is the market of first sale in which companies first sell their authorized shares to the public.

The Primary market is the market of first sale in which companies first sell their authorized shares to the public.
Primary market and secondary market are two major types of markets for the sale of stock. The essential market is the market of first deal,and the secondary market is the after-deal market of the current remarkable offers in which individual or institutional proprietors of stocks sell their offers to different investors.

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