Abe was contacted by XYZ's ____________ when XYZ wanted to sell new securities to the general public for the first time.

Question

Quizplus · Accepted Answer

An investment bank typically helps companies like XYZ to issue new securities and sell these to the general public. This process is called an initial public offering (IPO) and takes place in the primary market, which is where new securities are first issued and sold. The secondary market, on the other hand, is where existing securities are bought and sold among investors. While securities exchanges like the New York Stock Exchange (NYSE) or Nasdaq facilitate trading in both primary and secondary markets, it is the investment bank that helps with the IPO in this case.

Abe Was Contacted by XYZ's ____________ When XYZ Wanted to Sell