|News - St Augustine Area & St Johns County|
ASK THE FOOL
Q: What does it mean when a company is taken private? — L.J., Shenandoah, Iowa
A: Think of how a company “goes public” via an initial public offering (IPO), selling a chunk of itself in shares on the stock market. Companies can go in the opposite direction, too, becoming private again if their shares are bought back and no longer trade publicly.
Read entire article: Motley Fool