Welcome to our lesson on the concept of "public float," a crucial term in the world of finance. Simply put, the public float refers to the total number of shares of a company that are available for trading on the open market. This excludes shares held by individuals or groups that hold 20% or more of the company's voting securities. Understanding the public float is essential for investors and analysts in evaluating a company's market value and liquidity. Let's dive deeper into this topic and explore its significance in the financial world.