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Primary Issuance

Definition

Primary issuance refers to the initial creation and distribution of new financial instruments, such as stocks, bonds, or digital tokens, directly from the issuer to the first holders. This process typically involves an offering mechanism, like an initial public offering (IPO) for equities or an initial coin offering (ICO) for cryptocurrencies. The primary issuance raises capital for the issuer and introduces new assets into the market. It marks the first stage of an asset’s market life.