Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN: 9781337395250
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 2, Problem 3Q
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.

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When does the initial public offering occur?
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