What is the function of the Primary Market？

The primary market is responsible for the issuance of new securities. It is the market where companies raise funds by selling newly issued stocks or bonds to the public for the first time. The primary market provides companies with access to capital, allowing them to raise funds for business expansion, research and development, and other purposes. The primary market is also an important source of investment opportunities for investors who are looking to purchase securities directly from the issuer. The function of the primary market is to facilitate the creation and sale of new securities, which helps to drive economic growth and development.