GLTP Inc.transformed from a private company into a public company after offering its shares in a securities exchange for the first time.Such transactions take place in a

Question

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GLTP Inc. offering its shares in a securities exchange for the first time indicates that it is raising capital through an initial public offering (IPO). The primary market is where companies raise capital by issuing new securities to the public through an IPO or a rights issue. Therefore, the correct answer is the primary market. The secondary market refers to the trading of securities among investors and is not applicable in this scenario. The tertiary market and closed market are not recognized financial market terminologies.

GLTP IncTransformed from a Private Company into a Public Company After