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7. An IPO of a company's securities is a term you've probably noticed in the financial press. Is an IPO a primary market transaction
7. An IPO of a company's securities is a term you've probably noticed in the financial press. Is an IPO a primary market transaction or a secondary market transaction? (LOS) A primary market transaction. A secondary market transaction would entail the sale between two 3rd parties (i.e. not the corporation).
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