Sorry, this is incorrect. There are several very similar sounding terms here, which do not mean the same thing. A "public company" or "publicly traded company"

Sorry, this is incorrect. There are several very similar sounding terms here, which do not mean the same thing. A "public company" or "publicly traded company" is a company traded on the stock exchange. A "state company", or "publicly owned company", or "public sector company" is a company owned by a government and not traded at all. The terms here are a regrettable accident of history, which often confuses people.