Why is it in general difficult to determine the market price of a private corporation's shares at any point in time?

Question

Quizplus · Accepted Answer

Private corporations are not traded on organized exchanges, so it is difficult to determine their market price at any given point in time since there is no available market to establish the share's value. Additionally, few investors are interested in buying shares in private companies, so there is a limited number of buyers and sellers. Finally, private companies are not obligated to make their financial data public, making it challenging to determine their true value.

Why Is It in General Difficult to Determine the Market