public corporation

  

Definitions (2)

1.A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. The usual British term is public limited company.
2.A government owned company such as an airline or public transit company. See also corporation sole.

Use public corporation in a sentence

  • XYZ corporation is currently privately held by the Smith family though they hope to become a Public Corporation by offering the shares of XYZ in an initial public offering next year.

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  • They were a public corporation and that is why they were traded like the way they were and had so many shareholders.

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  • I wanted to buy shares in my uncles company, but unfortunately, his company is not yet a public corporation, so I'll have to wait to buy shares.

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