Public company

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Related to Public corporations: Publicly traded

Public Company

A company that has held an initial public offering and whose shares are traded on a stock exchange or in the over-the-counter market. Public companies are subject to periodic filing and other obligations under the federal securities laws.

Public Limited Company

A primarily British term for a publicly-traded company. The term derives from the facts that the company issues shares that may be bought and sold by the general public and all shareholders have limited liability.

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.

Public company.

The stock of a public company is owned and traded by individual and institutional investors.

In contrast, in a privately held company, the stock is held by company founders, management, employees, and sometimes venture capitalists.

Many privately held companies eventually go public to help raise capital to finance growth. Conversely, public companies can be taken private for a variety of reasons.

References in periodicals archive ?
Funds managed by BlueMountain Capital are holders of power revenue bonds in Puerto Rico Electric Power Authority (PREPA), a public corporation that provides electrical power to residents and businesses in the Commonwealth of Puerto Rico.
Unfortunately, compliance to Sarbanes-Oxley may be an added cost to public corporations, with no major gain to their bottom line.
As the central pillar of his structural reform plan, Koizumi adopted the ''scrap-or-privatize'' policy to push through radical reorganization of public corporations.
When companies speak about important matters, Regulation FD now demands that such information is shared globally--and consequently, the views of the independent directors are and should be important disclosure for all public corporations.
The main purpose of the reform of the public corporations is to end the construction of unprofitable highways.
The plan also said certification projects currently conducted by 86 public corporations such as an English proficiency exam and authorization businesses by government ministries for various lecture classes and workshops will be abolished in fiscal 2005.
Vested interests aside, the public corporation system is deeply troubled.
Hershey, for its part, is officially a public corporation, but it has been insulated from outside pressure by the fact that the Hershey Foundation owns a sizeable chunk of the company.
Thoughtful consideration by both public corporations and their auditors of audit committee independence, appropriate expertise and effective performance of appropriate duties and responsibilities is urgently required.
Audit Integrity is an independent research and rating service that evaluates the risks associated with the accounting and governance practices of over 9,000 public corporations.
In late June, Puerto Rico passed the Public Corporation Debt Enforcement and Recovery Act ("Recovery Act"), which is intended to provide an orderly process through which public corporations can continue providing critical services without relying on the Commonwealth, the GDB, or other municipal entities for financial support, even in times of financial distress.
JH) will review its discount toll system for large-lot users in line with the privatization of four road-related public corporations slated for fiscal 2005, JH President Haruho Fujii said Monday.