There are primarily two types of participants in primary market:

  1. Investors
    1. Retail investors – high networth individuals
    2. Institutional investors
      1. Mutual funds
      2. Pension funds
      3. Private equity firms
      4. Venture capital firms
      5. Seed/Angel investors
  2. Corporations
    1. Public companies
      • Traded in a stock exchange
    2. Private companies
      • Traded by private investors