In the US, a 'public company' is one where the ownership in the company is available to anyone who wants to pay the money to buy in. The ownership in the company is represented by its stock, and the shares of that stock are available to be bought on a stock exchange, also known as the stock market.
In this post we talked about what the stock market is. So a company that is 'publicly traded' is one that makes its shares available to the public.
Next week, we will talk about how a company 'goes public.' And here's a photo I took of the New York Stock Exchange building, when I was in lower Manhattan earlier this month.
What 'publicly traded companies' are you aware of? This is similar to the Ticker Symbol question I asked in this post. Would love to hear if you have added any companies to your watch list!
And as always, thanks for reading this.
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