public corporation

Definitions (2)
Related Terms
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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