Answered

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In 1999, three investors start a local coffee shop. By 2004, the original shop has expanded to six locations but is still owned by the three original investors. In 2011, the chain has now expanded to 640 locations in eight states, the original investors decide they will take the company public, and it is traded on the NASDAQ stock exchange. How would this company be defined in 2011

Sagot :

The local company that has now decided to go public and trade on the NASDAQ would now be referred to as a publicly traded company.

What is a publicly traded company?

A publicly traded company is a company whose shares are traded on the stock exchange. When members of the public purchase the stock of company on the exchange, they become owners of the company and are paid dividends.

To learn more about publicly traded companies, please check: https://brainly.com/question/14425739

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