- primary market
- Market of new issues of securities. Chicago Board of Trade glossary————The issuance ( sale) of new securities. As distinguished from the secondary market. American Banker Glossary————Where a newly issued security is first offered. All subsequent trading of this security occurs is done in the secondary market. Bloomberg Financial Dictionary————The term used to describe the initial issue of securities by an issuer to investors, to be distinguished from the secondary market, where investors trade the security among themselves. Dresdner Kleinwort Wasserstein financial glossary————The market relating to the original issue or 1st sale of new securities. Exchange Handbook Glossary————Market for the placement of new securities such as international, domestic and foreign bond issues. Any subsequent resale or purchase is handled on the secondary market. LIFFE————The function of a stock exchange in bringing securities to the market for the first time. Money is raised either for the company at admission or through further issues to fund future growth. London Stock Exchange Glossary————Market for new issues of securities (initial public offerings, etc.), where companies issue shares directly to shareholders. See secondary market NYSE Euronext Glossary
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primary market UK US noun [C]► COMMERCE, MARKETING the most important customers to which a company sells its products or services: »Our primary market is males from 17 to 41.
»The primary market for the company's services are large corporations and branches of the government.
► COMMERCE, MARKETING the sale of goods and services at the time they are first made available, rather than when they are bought or sold later: »The company sells tickets to concerts and sports events on the primary market.
► FINANCE, STOCK MARKET the sale of shares, bonds, etc. at the time they are first made available, rather than when they are traded later: »Investment banks are the principal underwriters for initial public offerings in the primary market.
→ Compare FOURTH MARKET(Cf. ↑fourth market), SECONDARY MARKET(Cf. ↑secondary market), THIRD MARKET(Cf. ↑third market)
Financial and business terms. 2012.
