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Going Public |
Also found in: Dictionary/thesaurus, Financial, Idioms, Wikipedia | 0.06 sec. |
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Altering the organization of a corporation from ownership and control by a small group of people, as in a close corporation, to ownership by the general public, as in a publicly held corporation. When a corporation goes public, it opens up the sale of shares of its stock to the public at large. |
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The firm said going public would help it fund development of its extensive commercial and residential real estate holdings. The company did not say what it would do with the capital after going public. CICSA by Latin Trade Old Mutual plc has made it official, going public with a bid to acquire Sweden's Skandia Group. |
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Going Public
