This question: 1 point() possibleOn August 19,2004 Google IPO offered 19,605,052 shares at a price of U.S. $85 per share, which were sold in an online auction in a bid to following statements best describes why these are considered a primary market transaction?A. The shares were the first to be privately issued by Google.B. Google was at the time a recently founded company seeking capital with which to expand.C. The transaction was between the corporation and investors.D. Shares of Google from this time onward could be traded between investors on a stock exchange.