问题如下：
On the Alternative Investment Market of The New York Stock Exchange, a listed american company announces to sell 7,797,776 shares at $0.83 per share to a small group of qualified investors. Which of the following statements is correct?
选项：
A.The sale is a shelf registration.
B.The sale is a private placement.
C.The sale is a initial public offering.
解释：
B is correct.
The share offering is clearly not an initial public offering, because the company is already traded publicly. A shelf registration refers to sell shares to the public on a piecemeal basis. Obviously, the company's sale is not a shelf registration. Therefore, the sale in this question is a private placement.
题目中描述该公司是“On the Alternative Investment Market of The New York Stock Exchange”上进行交易。个人理解属于公开市场，为什么答案是private placement？
