public company

noun

British.

1. a company that has more than 50 shareholders and whose shares are offered for public subscription.

public company

noun

1. 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

1. 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.”