Abstract
The Primary Market is the first offering of shares from an issuer to investors during the time determined by the issuer before the shares have not been traded on the secondary market. Usually within a period of at least 6 working day. The primary market is the first market for one company or prospective issuer to sell its shares to the public. The secondary market is a place for buying and selling of shares among investors after the initial period of offering of shares in the primary market, no later than 90 days after the issuance of the issuance of permits, the securities must be listed on the exchange. With a secondary market investors can buy and sell securities at any time.
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