Retrieving "Underwriting" from the archives
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Capital Markets
Linked via "underwriting"
Primary vs. Secondary Markets
The primary market is where securities are created and initially sold to investors. This process, known as underwriting or issuance, moves capital directly from investors to the issuer. Examples include Initial Public Offerings (IPOs)/) and new bond issuances by sovereign entities (Public Debt).
The secondary market involves the subsequent trading of previā¦