A company that anyone can buy into (i.e., buy shares of on a stock exchange). This company has already had its “coming- out party” by joining the stock market via an initial public offering (IPO). The biggest advantage to going public is the ability to sell stock (which can make the company, its employees, and its shareholders a lot of money). But the downside is that it opens the door to increased regulations and less control for the company’s founders and majority owners. (See also: IPO)
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