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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
District Court for the District of Puerto Rico Judge Francisco Besosa that the Puerto Rico Public Corporation Debt Enforcement and Recovery Act was unconstitutional.
The report indicates that according to the Organization for Economic Cooperation and Development's (OECD) 2008 figures, Turkey is ranked in third place in the share of public corporation in the economy after Poland and Italy among European Union member states.
As the central pillar of his structural reform plan, Koizumi adopted the ''scrap-or-privatize'' policy to push through radical reorganization of public corporations. But the drive quickly lost steam, and resulted in cosmetic changes in most cases.
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.
Businesses, including public corporations, may set up specific pension schemes for their own staff which they manage directly.
Current corporate governance initiatives are focusing on public corporations. However, the distinct nature of insurance companies as regulated financial institutions is emerging as an issue for regulators worldwide.
The creation of a public corporation to take over postal services and the privatization of the highway-related public corporations represent the first steps in this direction, but just as in the case of non-performing loan disposals in the banking sector, progress has been too slow.
* Work on antifraud criteria and controls for public corporations that the Institute is promoting will begin next year but will not be completed by June as the J0fA stated.
The number of former national public servants taking up executive posts at public corporations after retirement came to 6,185 as of Oct.
The only group that appears alarmed so far is his fellow pols and bureaucrats, who are stunned by proposals to trim pork-barrel spending, streamline services, and privatize the country's wildly inefficient public corporations, the government-supported companies that handle the business generated by public policy--building bridges, digging for oil, and so forth.
''Instead of working on all 77 public corporations at once, I want preparations made so that bills can be submitted to the regular Diet session on the Japan Highway Public Corp.
Another implementation problem concerns the execution of projects by public corporations, which have little incentive to minimise costs.