Meaning of the word plc in English

What does plc mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

plc

US /ˌpiː.elˈsiː/
UK /ˌpiː.elˈsiː/

Abbreviation

public limited company: a company whose shares can be bought and sold by the public

Example:
The company was registered as a PLC in 1998.
Many large corporations are structured as PLCs.