jackx123:
typhoon:
If a company is 100% owned by the government it is not owned by the private sector.
Going public means privatization or open for private individual ownership and individuals belonging to the general public population.
O-level stuff.
Sorry but you have only got it partially right jackx123. "Going public" means converting ownership from the hands of a few private individuals (or government) into ownership by the "public" via a stock market offering:
Dictionary of Finance and Investment Terms:
going public
securities industry phrase used when a private company first offers its shares to the public. The firm's ownership thus shifts from the hands of a few private stockowners to a base that includes public shareholders. At the moment of going public, the stock is called an Initial Public Offering From that point on, or until the company goes private again, its shares have a market value .
Dictionary of Business Terms
going public
securities industry phrase used when a private company first offers its shares to the public. The firm's ownership shifts from the hands of a few private stockowners to a base that includes public shareholders and becomes subject to some new legal requirements.
As you said, O-level stuff
