Privately Held Corporation (Noun)
Meaning
A corporation owned by a few people; shares have no public market.
Classification
Nouns denoting groupings of people or objects.
Examples
- The company transitioned from a publicly traded entity to a privately held corporation after the buyout by the investment group.
- The family-owned business operated as a privately held corporation for over 50 years, resisting the pressure to go public.
- As a privately held corporation, the company's financial statements were not publicly disclosed, and only a select few had access to this information.
- The tech startup remained a privately held corporation, choosing to rely on private funding rather than going through an initial public offering.
- The privately held corporation was acquired by a larger publicly traded company, marking a significant shift in its ownership structure.