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A public company is a company whose shares are sold to the general public. The owners of public company are its shareholders. Sometimes a private company "goes public" so it can sell more shares to more shareholders. The Dutch East India Company is often called the first public company.
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland.
What Is a Public Company? The term “public company” can be defined in various ways. There are two commonly understood ways in which a company is considered public: first, the company’s securities trade on public markets; and second, the company discloses certain business and financial information regularly to the public.
