The new issue market, also known as the primary market, is a segment of the capital market where securities are issued to investors for the first time. It is a market that issues new securities on an exchange, facilitated by underwriting groups and consisting of investment banks. The securities issued can be stocks, bonds, or other types of securities. The new issue market is where companies raise capital by issuing new securities to investors. The typical route for a new issue via a stock offering is known as an initial public offering (IPO), where a companys stock is offered to the public through various exchanges, such as the New York Stock Exchange (NYSE) or Nasdaq for the first time. Similarly, when a company or a government entity issues corporate bonds or government bonds for the first time, it is done in the primary market. The new issue market is different from the secondary market, where investors buy and sell securities from one another. All issues on the primary market are subject to strict regulation, and companies must file statements with the Securities and Exchange Commission (SEC) and other securities agencies and must wait until their filings are approved before they can offer them for sale to investors. The primary market is also known as the new issues market.