Moreover, your market is bigger, so public companies have an advantage; so companies don't like to be public, generally.

此外,你的市场更大了,因此上市公司是有一定优势的,但一般来说,很多公司不希望上市

耶鲁公开课 - 金融市场课程节选

The SEC--you have to decide-- you hear about public companies and private companies.

证交会...你必须选择...,你应该听说过上市公司和私营公司

耶鲁公开课 - 金融市场课程节选

It's all there, as long as they're public companies.

只要是上市公司,就会有资料

耶鲁公开课 - 金融市场课程节选

So we have a lot of public companies.

因此出现了很多上市公司

耶鲁公开课 - 金融市场课程节选

A lot of investment companies don't want to be public, they want to be private so they don't have to.

许多投资公司根本不想公开化,他们希望保持私有化,以不披露信息

耶鲁公开课 - 金融市场课程节选

Companies can choose whether to be public or private.

公司可以选择上市或私营公司模式

耶鲁公开课 - 金融市场课程节选

A public--a lot of companies don't want to be public because you can't keep secrets very well; you've got to regularly put those things up online and they're out there for everybody to see.

很多公司不愿意上市,因为这样就无法保守公司机密,你必须定期把公司信息公布到网上,让全世界都看得到

耶鲁公开课 - 金融市场课程节选