Finance:Primary shares

From HandWiki

In an equity offering, primary shares, in contrast to secondary shares, refer to newly issued shares of common stock.[1] Proceeds from the sale of primary shares go to the issuer, while those from preexisting secondary shares go to shareholders.[2][3] Most initial public offerings (IPOs) have a mix of both primary and secondary shares.[3][4]

References

  1. Stern, Erik; Hutchinson, Mike (2011). "Chapter 20: Initial Public Offering" (in en). The Value Mindset: Returning to the First Principles of Capitalist Enterprise. Hoboken, NJ: John Wiley & Sons. ISBN 978-1-118-16091-6. https://books.google.com/books?id=N7offzx9PwIC&q=Primary+shares&pg=PT156. 
  2. "Equity Capital Market (ECM) - Corporate Finance Institute" (in en-US). Corporate Finance Institute. https://corporatefinanceinstitute.com/resources/knowledge/finance/equity-capital-market-ecm/. 
  3. 3.0 3.1 Geddes, Ross (2003) (in en). IPOs and Equity Offerings. Elsevier Finance. Oxford and Burlington, MA: Elsevier. pp. 7. ISBN 978-0-08-047878-4. https://books.google.com/books?id=OhF4P2dWJwoC&q=Primary+shares&pg=PA7. 
  4. Khurshed, Arif (2011) (in en). Initial Public Offerings: The mechanics and performance of IPOs. Petersfield, UK: Harriman House Limited. pp. 129. ISBN 978-1-905641-15-4. https://books.google.com/books?id=o0neAgAAQBAJ&q=Primary+shares&pg=PA129.