Banks, pension funds, and insurance companies. 3. The Secondary Market: The Marketplace
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Investment banks that manage the issuance and guarantee the sale. Banks, pension funds, and insurance companies
Capital formation and the efficient allocation of resources. 2. The Primary Market: The Launchpad Capital Market Finance: An Introduction to Prim...
A private company's first sale of stock to the public. Rights Issue: Offering new shares to existing shareholders.