shares are sold at less than nominal value. They are issued at a

When shares are issued, they have a nominal value, also known as par value, which represents the minimum price at which the shares can be issued. If shares are sold at a price lower than the nominal value, it is referred to as selling them at a discount. This means that the company is essentially selling the shares for less than what they are technically worth on paper. This may happen for various reasons, such as to raise funds quickly, to incentivize investors to buy the shares, or to clear unsold shares. On the other hand, selling shares at a price higher than the nominal value is known as selling them at a premium. This could occur when the demand for the shares is high, and investors are willing to pay more to get a piece of the company. So, in summary, shares sold at less than the nominal value are issued at a discount.