Sale of an IPO, versus a secondary offering.

An offering in which the proceeds of the underwriting go to the issuing corporation, agency, or municipality. The issuer seeks to increase its capitalization either by selling shares of stock, representing ownership, or by selling bonds, representing loans, to the issuer.

Also called primary or initial public offering. The original sale of a company's securities. (See: Investment banker)

A new security issue, or one that is made available to investors for the first time.

The sale of a new issue of stock and bonds

The original sale of a company's securities. Also called Primary or Public Offering.