Although NASDAQ is a secondary market, some of the firms traded there, such as Microsoft, are large enough to move to the primary market if they so desire.

Question

Quizplus · Accepted Answer

The primary market is where securities are created (i.e., a company issues new shares to the public for the first time through an IPO), while the secondary market, such as NASDAQ, is where investors buy and sell securities they already own. The size of a company like Microsoft does not determine its ability to "move" between these markets, as they serve different purposes.

Although NASDAQ Is a Secondary Market, Some of the Firms