A private firm is one in which the owner(s) has not listed shares of the firm on a public exchange.

Name: A private firm is one in which the owner(s) has not listed shares of the firm on a public exchange.
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A private firm is privately-owned, meaning that shares of the firm are not publicly traded on a stock exchange. This is in contrast to public firms, which have shares that are listed on a public stock exchange and can be bought and sold by anyone.

A Private Firm Is One in Which the Owner(s) Has