Ans: In the share market, by the nature of trading, there are two types of market. One is the primary market, and the other one is the secondary market. When the company goes public, it issues Initial Public Offer or IPO. IPOs are part of the primary market as they are directly sold before they are listed. Once the IPOs are listed in the market, they are traded in the secondary market. The secondary market is similar to the other market where you trade any other type of commodity.