Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The sale of a new issue on the primary market. That is, the seller in a primary distribution is the issuer. Most primary distributions are placed through underwriting. The primary distribution can at times be more volatile than trading the secondary market because it is difficult to determine the underlying value of new issues. In any case, the primary distribution accounts for only a portion of trade on a given trading day. See also: Rights Issue, Preferential Issue, Initial Public Offering.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A sale of a new issue of securities in which the funds go to the issuer. Also called primary offering. Compare secondary distribution.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
See public offering.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.