Public float is the portion of a company's outstanding shares that is in the hands of public investors, as opposed to company officers, directors, or controlling-interest investors.
Stock exchanges typically use public float figures to determine whether companies meet minimum listing standards, rather than looking at market capitalization, which includes the figures from both public shareholder and company directors and executives.
- ↑ public float definition. Investorwords.
- ↑ public float definition. Yourdictionary.com.