Public company facts for kids
A public company is a company whose shares are sold to the general public. The owners of public company are its shareholders. Sometimes a private company "goes public" so it can sell more shares to more shareholders.
The Dutch East India Company is often called the first public company.
Images for kids
Replica of an East Indiaman of the Dutch East India Company/United East Indies Company. The Dutch East India Company (also known by the abbreviation “VOC” in Dutch), the world's first formally listed public company, started off as a spice trader. In 1602 the VOC undertook the world's first recorded IPO. "Going public" enabled the company to raise the vast sum of 6.5 million guilders quickly.
Courtyard of the Amsterdam Stock Exchange (or Beurs van Hendrick de Keyser in Dutch), the world's first formal stock exchange. Modern-day publicly listed multinational corporations (including Forbes Global 2000 companies), in many respect, are all 'descendants' of a business model pioneered by the Dutch East India Company (VOC) in the 17th century.
Public company Facts for Kids. Kiddle Encyclopedia.