whats the meaning of Primary market
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Primary market is a market in which buyers and sellers negotiate and transact business directly, without any intermediary such as resellers.
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The primary market is the part of the capital market that deals with the issuance and sale of equity-backed securities to investors directly by the issuer. Investor buy securities that were never traded before. Primary markets create long term instruments through which corporate entities raise funds from the capital market.[1] It is also known as the New Issue Market (NIM).[2]
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