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← The IPO process
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Technicals
Finance
Lv 2/5
In an IPO, primary shares are newly issued shares whose proceeds go to the company. What are secondary shares?
A
Newly created shares whose proceeds fund the company's growth
B
Shares that trade on a smaller foreign exchange
C
Existing shares sold by current holders, with the cash going to those sellers rather than the company
D
Shares set aside only for company employees
Select an answer
TechnicalsFinanceLv 2/5