Definition: Sale of investment units to the public.
Definition: [crh] Used in the context of general equities. Offering to the investment public, after compliance with registration<Definition: /A> requirements of the SEC, usually by an investment banker or a syndicate made up of several investment bankers, at a price agreed upon between Definition: the issuer and the investment bankers. Antithesis of private placement. See: Primary distributionDefinition: > and secondary distribution.
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