# 29METALS LIMITED

> Australian public company

**Wikidata**: [Q109626895](https://www.wikidata.org/wiki/Q109626895)  
**Source**: https://4ort.xyz/entity/29metals-limited

## Summary

29METALS LIMITED is a public company[1].

## Summary
29METALS LIMITED is an Australian public company listed on the Australian Securities Exchange (ASX) under the ticker "29M." It was incorporated in 2021 and has a market capitalization of AUD 1,287,619,400 as of November 18, 2021.

## Key Facts
- A public company that offers its securities for sale to the general public.
- Officially named "29METALS LIMITED" and listed on the Australian Securities Exchange (ASX).
- Traded under the ticker symbol "29M" since July 2, 2021.
- Has a market capitalization of AUD 1,287,619,400 as of November 18, 2021.
- Distinct from private companies as its shares are publicly traded.
- Ownership is distributed among the general public shareholders.
- Governed by a board of directors elected by shareholders.
- Recognized globally as a type of joint-stock company.

## FAQs
**What is 29METALS LIMITED?**
29METALS LIMITED is an Australian public company listed on the ASX, offering its securities to the general public. It was established in 2021 and has a market capitalization of AUD 1.287 billion.

**How is 29METALS LIMITED different from a private company?**
Unlike a private company, 29METALS LIMITED's shares are publicly traded on the ASX, allowing any member of the public to own them. Private companies restrict ownership to a closed group of investors.

**Who owns 29METALS LIMITED?**
The company is owned by its shareholders, which include individuals, institutional investors, and other entities that purchased its publicly traded securities.

**Where is 29METALS LIMITED listed?**
29METALS LIMITED is listed on the Australian Securities Exchange (ASX) under the ticker "29M."

**What is the market capitalization of 29METALS LIMITED?**
As of November 18, 2021, the company's market capitalization was AUD 1,287,619,400.

## Why It Matters
29METALS LIMITED plays a crucial role in the Australian capital markets by providing a mechanism for raising funds through publicly traded securities. Its listing on the ASX allows it to access a broader investor base, facilitating capital formation and economic growth. The company's public status also ensures transparency and accountability through strict regulatory disclosure and reporting standards. This structure is essential for large-scale business operations and wealth creation in Australia.

## Notable For
- Being the first Australian public company listed under the ticker "29M" since July 2, 2021.
- Having a market capitalization of AUD 1.287 billion as of November 18, 2021.
- Distinguishing itself from private companies by offering its securities to the general public.
- Providing a platform for institutional and individual investors to participate in its ownership.

## Body

### Definition and Core Characteristics
29METALS LIMITED is a public company that offers its securities for sale to the general public. This is in contrast to private companies, which raise funds from a smaller, closed group of investors. The company's public status allows it to raise capital through an initial public offering (IPO) and subsequent trading on the ASX.

### Terminology and Aliases
The entity is known by several names, including "publicly traded company," "publicly held company," and "listed company." It is officially named "29METALS LIMITED" and is recognized as a distinct legal form of organization.

### Classification and Type
29METALS LIMITED is a specific type of joint-stock company and is considered a public company. It is a subclass of an "enterprise" and is distinct from "public enterprises" or "cooperatives," which have different ownership structures.

### Ownership and Governance
The ownership of 29METALS LIMITED is held by its shareholders, who can be individuals, institutional investors, or other entities. Governance is typically provided by a board of directors elected by the shareholders, ensuring a separation of ownership and control.

### Global Presence and Recognition
The concept of a public company is recognized globally, and 29METALS LIMITED is part of this recognized framework. It is listed on the ASX, which is a major financial market in Australia, and its securities are available to the general public.

### Market Capitalization and Trading
As of November 18, 2021, 29METALS LIMITED had a market capitalization of AUD 1,287,619,400. The company's shares are traded under the ticker "29M" on the ASX, providing liquidity for investors.

### Regulatory and Disclosure Standards
29METALS LIMITED is subject to strict regulatory disclosure and reporting standards, which promote transparency for investors. This ensures that the company's financial and operational activities are publicly available and accountable.

### Economic Impact
The public company structure of 29METALS LIMITED facilitates investment and economic growth in Australia. It provides a mechanism for wealth creation and retirement savings for millions of individuals through public stock markets.

## References

1. [Source](https://www2.asx.com.au/markets/trade-our-cash-market/directory)