In August 2004,Google first sold its common stock to the public at $85 per share and raised $1.76 billion.This is an example of

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The fact that Google sold its common stock to the public for the first time suggests that it was a primary market transaction. In a primary market transaction, securities are issued for the first time by the issuer, and the proceeds from the sale go to the issuer. This is in contrast to a secondary market transaction, where securities are bought and sold between investors and the proceeds go to the seller of the security, not the issuer. A venture capital firm transaction refers to investment in new or high-growth companies by specialized investors, not the general public. A money-market transaction typically involves the buying and selling of short-term, low-risk investments, such as Treasury bills, by financial institutions.

In August 2004,Google First Sold Its Common Stock to the Public