A firm is said to be a public joint stock company when it

A firm is said to be a public joint stock company when it sells its shares to members of the public. In a public joint stock company, the capital of the firm is divided into shares, which are sold to members of the public. The shareholders are the owners of the company, and they share in the profits and losses of the company. The shares of a public joint stock company are traded on a stock exchange, and the value of the shares can fluctuate depending on the performance of the company. Unlike a private joint stock company, a public joint stock company is subject to more stringent regulatory requirements and is required to disclose more information to the public.