A public company, publicly traded company, publicly held company or public limited company (in the United Kingdom) is a limited liability company that offers its securities (stock/shares, bonds/loans, etc.) for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets. Public companies, including public limited companies, can be either unlisted or listed on a stock exchange depending on their size and local legislation.
Public companies are not to be confused with Government-owned corporations – also known as publicly owned companies – which are also sometimes called public companies.
Read more about Public Company: Securities of A Public Company, General Trend, Privatization, Trading and Valuation
Famous quotes containing the words public and/or company:
“Alexander Woollcott broadcasts the story of the wife who returned a dog to the Seeing Eye with this note attached: I am sending the dog back. My husband used to depend on me. Now he is independent, and I never know where he is.”
—For the State of New Jersey, U.S. public relief program (1935-1943)
“These studies which stimulate the young, divert the old, are an ornament in prosperity and a refuge and comfort in adversity; they delight us at home, are no impediment in public life, keep us company at night, in our travels, and whenever we retire to the country.”
—Marcus Tullius Cicero (10643 B.C.)