A market for the issuance of financial assets or equity or debt securities that investors can purchase when they are newly issued. After this initial acquisition, subsequent transactions would take place in the secondary market. Companies and financial entities go to the primary market to obtain financing, for which they issue debt securities such as bonds or securities such as stocks. When these instruments are issued in this market, their value is determined. Intermediaries, including banks or stockbrokers, place these securities in the primary market and charge a commission for doing so.
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