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Publicly-Traded Company
(redirected from Publicly held corporation)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Publicly-Traded Company
A company issuing stocks, which are traded on the open market, either on a stock exchange or on the over-the-counter market. Individual and institutional shareholders constitute the owners of a publicly-traded company, in proportion to the amount of stock they own as a percentage of all outstanding stock. Thus, shareholders have final say in all decisions taken by a publicly-traded company and its managers, especially through its annual shareholders' meeting. Publicly-traded companies have greater access to financing than other companies, as they have the ability to issue more stock. However, they are subject to greater regulation: for example, they must file 10-K reports with the SEC on their earnings and they are more likely to be subject to corporate taxes. A publicly-traded company is also called a public company.


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This section applies only to publicly held corporations registered under Section 12 of the Securities Exchange Act of 1934.
RECENT DEVELOPMENTS A recent IRS letter ruling involved a publicly held corporation with a shareholder-approved stock option plan.
Electronic Systems Technology, a publicly held Corporation since 1984, was the first company to develop the wireless modem and receive the United States and Canadian patents for this technology.
 
 
 
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