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1) placement of issued securities only among the founders or, by their decision, among attracted investors, whose candidacies do not raise objections from any of the founders; 2) private placement of securities. In this case, the investment dealer usually acts as an agent for the issuing company, for which he receives a commission. An issuance memorandum is issued, which does not specify a number of significant circumstances, for example, the issue price. In the case of a private placement, securities are secretly distributed among a few institutional investors.