what are primary markets
The primary market is that part of the capital markets that deals with the issue of new securities. Companies, governments or public sector institutions can obtain funding through the sale of a new stock or bond issue. This is typically done through a syndicate of securities dealers.
1 The primary market is the market where the securities are sold for the first time. 2  Therefore, it is also called the new issue market (NIM). 3  In a primary issue, the securities are issued by the company directly to investors. 4  The company receives the money and issues new security certificates to the investors.