Meaning of “primary shares” in the English Dictionary

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"primary shares" in Business English

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primary sharesnoun [ plural ]

uk us

FINANCE, STOCK MARKET a company's shares when they are made available for sale, rather than when they are traded later:

The company will sell 2.8 million primary shares and use the proceeds for general purposes, including repayment of debt.

(Definition of “primary shares” from the Cambridge Business English Dictionary © Cambridge University Press)