NO.PZ2015122802000102
问题如下：
Which of the following statements about private equity securities is incorrect?
选项：
A.
They cannot be sold on secondary markets.
B.
They have market-determined quoted prices.
C.
They are primarily issued to institutional investors.
解释：
B is correct.
Private equity securities do not have market-determined quoted prices.
考点：Private Equity and Non-domestic Equity Securities
私募股权因为是非上市公司的股票所以不能在二级市场上交易，既然是非上市公司的股权自然没有市场的报价（所以B错）。私募股权主要向机构投资者进行配售。如下为原版书对private equity securities的描述。
Private equity securities are issued primarily to institutional investors in private placements and do not trade in secondary equity markets. There are three types of private equity investments: venture capital, leveraged buyouts, and private investments in public equity (PIPE).
老师好，请问private equity在发行的时候是在一级市场发行的吗？
