company with at least seven stockholders that has the authority to recruit public funds (if funds have already been recruited the company must present a yearly balance to the registrar of companies)
A company that sells shares of its stock to the public Public companies are regulated by the Securities and Exchange Commission (SEC) Also called a publicly held company BACK TO TOP
A public company is a company whose shares can be bought by the general public. a company that offers its shares for sale on the stock exchange American Equivalent: public corporation