Quoted Company
Quoted Company is a company which has been registered with a stock exchange market to have its securities traded there. Sometimes we say the company has gone public.
Where does Quoted Company apply?
-Quoted Company applies where it is possible to sell securities such as bonds, preference shares and ordinary shares to the public.
-Quoted Company is necessary for it increases the marketability of the securities instead of concentrating on raising capital privately from few members.
-Quoted Company is relied upon by the stock exchange market who provide the trading platform and the quoted companies become members.
About the Author - Dr Geoffrey Mbuva(PhD-Finance) is a lecturer of Finance and Accountancy at Kenyatta University, Kenya. He is an enthusiast of teaching and making accounting & research tutorials for his readers.