Fnce 401 Study guides, Class notes & Summaries

FNCE 401 Chapter 3 Notes: Trading on Securities Markets Athabasca University How firms issue securities • IPO’s take place in the Primary Market • Shares are then traded on the Secondary Market Privately Held Firms • Rule 144A of the SEC allows: o Private firms to raise capital by selling shares directly to a small number of institutional investors or wealthy investors in a private placement. • There can only be 499 shareholders in a private firm, that is why most large co...