noun, British.
a company that has more than 50 shareholders and whose shares are offered for public subscription.
public company
a limited company whose shares may be purchased by the public and traded freely on the open market and whose share capital is not less than a statutory minimum; public limited company Compare private company

public company definition

A company that sells shares in itself to the public to raise capital. When a previously privately owned company offers shares, it is said to “go public.”

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