starbucks became a publicly traded company in 1992.
when did starbucks become a publicly traded company?
1992
Na
Na
however, publicly traded companies also have advantages over their closely held counterparts. publicly traded companies often have more working capital and can delegate debt throughout all shareholders. therefore, shareholders of publicly traded company will each take a much smaller hit to their returns as opposed to those involved with a closely held corporation. publicly traded companies, however, can suffer from that advantage. a closely held corporation can often voluntarily take a hit to profit with little to no repercussions if it is not a sustained loss. a publicly traded company often comes under extreme scrutiny if profit and growth are not evident to stock holders, thus stock holders may sell, further damaging the company. often, that blow is enough to make a small public company fail.
joint-stock company