What is Foolsaurus?   Examples of a Secondary Market  Original
post by Francesca Lee of Demand Media  The underwriters handling
an IPO will purchase the company's shares and sell them on the
primary market.  The roar of tech stock prices during the
heavily publicized initial public offerings (IPO) of social
networking sites have stirred investor interest (and
investigations) into private stock traded in the secondary
markets, according to a December 2010 report in the New York
Times. But the secondary markets encompass millions of daily
trades -- and billions in capital -- not just feverish tech
issues. If you've bought or sold a share of a company, chances
are you've engaged in the secondary markets.   The First Public
Offering  To understand the difference between primary and
secondary markets, let's look at an example. The public debut of
a company -- the first time it is publicly traded -- happens in
the primary market, also called the new-issue market. Investors
who want to purchase shares of the hot soc