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UGA Business Research Portal

A public company is one that's sold a portion of itself to the public via an initial public offering (IPO). Shareholders have a claim to part of the company’s assets and profits. Public disclosure of business and financial activities and performance is required of public companies.

A private company is held in private hands. The company is owned by its founders, management, and/or a group of private investors in most cases. The public isn’t privy to its business.

Both private and public companies can contribute to the financial health and well-being of economies and nations through their business activities, employment opportunities, and building wealth.

Public vs. Private Companies

Public – A company is considered public if its shares of equity is traded on a stock exchange. Public companies are required to submit filings to the SEC, making information much easier to locate.

Publicly traded companies have ticker symbols, which act as a unique identifier on the exchange they are traded on. You can search databases using a company's ticker symbol narrowing your results to exactly the company you are looking for. To find financial information and SEC filings for public companies look for a link to "Investor Relations."

Subsidiary – A company that operates under the control of a larger parent company is a subsidiary. The parent company may be a private or public company. The parent company may not disclose financial performance of individual subsidiaries. You may need to read the management discussion in SEC filings such as 10-K, study the information provided on the subsidiary’s and parent company’s websites, or find news articles in order to find information about financial performance and strategy.

Look up Ticker SymbolYahoo! Finance

Private – A company is considered private if it is not traded on a stock exchange and is not owned by a larger parent company. They are not required to submit SEC filings, which can make finding financial information a bit trickier, if it is available.

Don't forget to look for information on the company's website. You can often find information that can be useful including news releases, SEC filings and annual reports (for public companies), corporate governance, and strategy by studying the website. 

Researching Private Companies

If your project's company is a smaller, local company it may not be in some of the larger business databases. Here are strategies you can use to find information:

Strategy #1: Search for a company website.

Strategy #2: Search databases that contain private company information. Suggested databases:

  • DataAxle
  • PrivCo
  • D&B Hoover's

Strategy #3: Consider using a similar public company as a proxy.

By researching a company that is similar to your own you may be able find analysis that explain key issues that could be affecting your project's company including opportunities and threats, consumer trends, and issues affecting the supply chain.

Strategy #4: Look for news articles in local newspapers and periodicals

Private Company Information

Private company information can be difficult to find. These databases have information on private companies. Sometimes more information is found in news and trade publications. Combine a search of these databases with article databases listed below.