PhonePe has transitioned from being a private firm to a public company ahead of its initial public offering (IPO).

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. A public company is one that's sold a portion of ...

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a public limited company (PLC) sells shares to the public on the stock market this allows shareholders to become part owners and have a say in operations advantages include raising finance and ...

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We can see that public companies own the lion's share in the company with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).