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What does primary offering mean?

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primary offering
Noun


The sale of shares or bonds by the issuing company to the general public for the first time, as distinct from a distribution by an existing shareholder, where the newly issued shares of a previously privately held company are sold in the primary market in its initial public offerings (IPOs).

Synonym(s): 
  • new issue; primary distribution.
  • [BE]: offer for subscription
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