Investors were amazed at how quickly the price of eBay shares rose during the first day it was offered for sale to the public. These shares were being sold in which of the following markets?

Question

Quizplus · Accepted Answer

The primary market is where new securities are sold to the public for the first time. Since eBay shares were offered for sale to the public for the first time and investors were able to buy them directly from the company, it is most likely that the shares were sold in the primary market.

Investors Were Amazed at How Quickly the Price of EBay