Equity Issuance and Trading
Free CFA Level I lesson in Equity Investments. 14 min read, ~2,076 words.
Primary market = issuer receives cash (IPO, FPO, rights). Secondary market = investors trade existing shares; issuer gets nothing. Exchanges have central order books and listing rules. OTC has dealer networks and no listing standards. Off-exchange (dark pools, ATSs) executes orders away from public quotes. Float = shares available for...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- equity issuance and trading
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