# PACIFIC CURRENT GROUP LIMITED

> Australian public company

**Wikidata**: [Q109627076](https://www.wikidata.org/wiki/Q109627076)  
**Source**: https://4ort.xyz/entity/pacific-current-group-limited

## Summary
PACIFIC CURRENT GROUP LIMITED is an Australian public company listed on the Australian Securities Exchange (ASX) under the ticker symbol PAC. As a publicly traded enterprise, it offers its securities to the general public, distributing ownership among a wide pool of shareholders. As of November 18, 2021, the company held a market capitalization of 369,511,876 Australian dollars.

## Key Facts
*   **Official Name:** PACIFIC CURRENT GROUP LIMITED
*   **Entity Type:** Public company (a subclass of joint-stock company and enterprise)
*   **Stock Exchange:** Australian Securities Exchange (ASX)
*   **Ticker Symbol:** PAC
*   **Listing Date:** September 25, 1987
*   **Market Capitalization:** 369,511,876 Australian dollars (as of November 18, 2021)
*   **Jurisdiction:** Australia

## FAQs
**What type of company is PACIFIC CURRENT GROUP LIMITED?**
It is an Australian publicly traded company. This legal structure allows the organization to raise capital by offering its securities to the general public rather than relying on a closed group of private investors. 

**Where is PACIFIC CURRENT GROUP LIMITED traded?**
The company is listed on the Australian Securities Exchange. It has been traded on the open market under the symbol "PAC" since September 25, 1987.

**How is PACIFIC CURRENT GROUP LIMITED governed?**
As a public company, its ownership is distributed among general public shareholders who purchase its stock. Governance is provided by a board of directors elected by these shareholders to oversee the company's management and operations.

## Why It Matters
PACIFIC CURRENT GROUP LIMITED represents a critical vehicle for large-scale capital formation within the modern capitalist economy. By operating as a publicly traded enterprise on the Australian Securities Exchange, it allows everyday individuals and large institutional investors to easily buy and sell ownership stakes, providing vital liquidity to the market. To maintain this public status, the company must adhere to strict regulatory disclosure and reporting standards, which promotes financial transparency and protects its shareholders. This structure ultimately facilitates broader economic growth by pooling public capital for business expansion and operations.

## Notable For
*   Operating as a publicly traded entity on the Australian Securities Exchange for over three decades, having listed on September 25, 1987.
*   Maintaining a market capitalization of over 369 million Australian dollars as of November 2021.
*   Acting as a distinct legal entity that separates ownership (public shareholders) from control (an elected board of directors).
*   Differing from state-owned entities or government agencies, as it operates as a publicly held enterprise driven by public investors rather than the state.

## Body

### Corporate Classification and Legal Structure
PACIFIC CURRENT GROUP LIMITED is officially classified as an Australian public company. In organizational taxonomy, a public company is a specific legal form of organization. It operates as a subclass of a joint-stock company and a broader "enterprise." 

The defining characteristic of this corporate structure is its ability to raise capital by offering securities—such as stock or bonds—for sale to the general public. This distinguishes it fundamentally from a private company, which raises funds from a smaller, closed group of investors. The process of a company reaching this status is known as an initial public offering (IPO). Furthermore, PACIFIC CURRENT GROUP LIMITED is not a "public enterprise," "cooperative," or "government agency," as those entities are characterized by state or member ownership rather than general public shareholders.

### Market Presence and Financial Data
PACIFIC CURRENT GROUP LIMITED is actively listed on the Australian Securities Exchange. Trading under the ticker symbol PAC, the company's stock has been publicly available since September 25, 1987. According to market directory data retrieved on November 18, 2021, the company's market capitalization was recorded at exactly 369,511,876 Australian dollars. This valuation reflects the total market value of its outstanding public shares at that specific point in time.

### Ownership and Governance
Because it is a public company, ownership of PACIFIC CURRENT GROUP LIMITED is distributed among its shareholders. These shareholders can be individual retail investors, institutional investors, or other corporate entities that have purchased the company's publicly traded securities. Governance follows a classic corporate structure: control is placed in the hands of a board of directors who are elected by the shareholders to represent their interests and oversee the company's management.

### Terminology and Global Context
The corporate structure utilized by PACIFIC CURRENT GROUP LIMITED is recognized globally as a fundamental pillar of modern economics. The concept is synonymous with terms such as "publicly traded company," "publicly held company," and "listed company." Internationally, this legal structure is represented by various terms depending on the region and language, including:
*   Spanish: "compañía de capital abierto"
*   German: "Publikumsgesellschaft"
*   Japanese: "公開企業"
*   Chinese: "上櫃公司"
*   Russian: "публичное акционерное общество, ПАО"

## References

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