BUSN 101 Lecture Notes - Lecture 9: New York Stock Exchange, Initial Public Offering, Investment Banking
30 Sep 2018
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Securities markets: financial marketplaces for stocks, bonds, and other investments. Primary markets: handle the sale of new securities. Corporations: make $ on the sale of their securities (stock) only once when they sell it on the primary market initial public offering (ipo): 1st public offering of a corporation"s stock. Secondary market: handles the trading of these securities between investors, with the proceeds of the sale going to the investor selling the stock, not to the corporation whose stock is sold. To get approval for stock or bond issues you must make extensive financial disclosures and undergo detailed scrutiny by the u. s. securities and exchange commission (sec) see investment bankers for assistance. Investment bankers: specialists who assist in the issue and sale of new securities. Help co. prepare the extensive financial analyses necessary to gain sec approval for bond or stock issues.
