Definition of Public corporation:
A company whose shares are traded freely on a stock exchange.
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.
A government owned company such as an airline or public transit company. See also corporation sole.
How to 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.
- I wanted to buy shares in my uncles company, but unfortunately, his company is not yet a public corporation , so Ill have to wait to buy shares.
- At stake is the future of the worlds second most important market trading shares in public companies.
- They were a public corporation and that is why they were traded like the way they were and had so many shareholders.
Meaning of Public corporation & Public corporation Definition