Answer:
A primary
Explanation:
The operations of the capital markets are categorized into primary and secondary markets. The primary market is where enterprises sell new bonds and equity to the public for the first time. A good example is the initial public offering (IPO). An IPO is a process of issuing out new shares of a corporation to the public for the first time.
The primary market is for new shares, bonds, and other money market securities issued for sale for the first time.
