AN EXAMINATION OF IPO PRIMARY AND SECONDARY MARKET RETURNS
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Author(s):
SATNAM SINGH
Vol - 5, Issue- 8 ,
Page(s) : 234 - 237
(2014 )
DOI : https://doi.org/10.32804/IRJMST
Abstract
An initial public offering (IPO), or stock market launch, is a type of public offering where shares of stock in a company are sold to the general public, on a securities exchange, for the first time.
A secondary market offering is a registered offering of a large block of a security that has been previously issued to the public.
In the secondary market, securities are sold by and transferred from one investor or speculator to another. It is therefore important that the secondary market remain highly liquid.
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