RE: Anyone19 Feb 2021 10:09
''Also known as public float, a free float refers to the number of a company's outstanding shares owned by public investors, excluding locked-in shares held by company managers and officers, controlling-interest investors, governments and other private parties.
Simply put, the term is used to describe the number of shares available to the public for trading in the secondary market. Sometimes, this figure is considered to be a better way of determining market capitalisation, as it provides a more accurate representation of the company’s worth according to public investors.''