発はっ行こう市し場じょう

noun

issue market; primary market

Financial term for the market where new securities are issued and sold to investors, as opposed to the secondary market where existing securities are traded.

• 新しん株かぶは発はっ行こう市し場じょうで投とう資し家かに販はん売ばいされる。

  New shares are sold to investors on the primary market.