On August 19, 2004 Google IPO offered 19,605,052 shares at a price of U.S. $85 per share, which were sold in an online auction in a bid to make the shares more widely available. Which of the following statements best describes why these are considered a primary market transaction?
A.
The shares were the first to be privately issued by Google.
B.
The transaction was between the corporation and investors.
C.
Google was at the time a recently founded company seeking capital with which to expand.
D.
Shares of Google from this time onward could be traded between investors on a stock exchange.
Please provide rating...
Correct answer is option B. The transaction was between the corporation and the investors
under primary market share are first time issued to investor and company went public that is why its called primary market .
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