When a company goes public who gets the money

What are the differences between public and private management?

Public management entails dealing with and/ or controlling the needs and interests of 'the whole', which is in many cases the nation. Private management involves managing the narrower needs of an individual or group.

Private sector employees work for businesses and nonprofits; public sector employees perform official functions, such as law enforcement, public education and public safety . As you can imagine, people in these roles will have different employee rights.

Public sector organisations are owned, controlled and managed by the government or other state-run bodies. Private sector organisations are owned, controlled and managed by individuals, groups or business entities .

Key Takeaways In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.