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Trading in securities between investors, as opposed to the sale of securities from issuers to investors.

The sale of new securities by an issuer to investors.

The rights of shareholders to be offered new issues of share before they are offered to non-shareholders.

The sale of new shares, with existing shareholders having a transferable right to buy the new shares.

Someone who takes a financial risk (relieving another party of it) in return for a fee.

The sale of shares to the public as a precursor to the shares trading on an exchange for the first time.