# PROPEL FUNERAL PARTNERS LIMITED > Australian public company **Wikidata**: [Q109627084](https://www.wikidata.org/wiki/Q109627084) **Source**: https://4ort.xyz/entity/propel-funeral-partners-limited ## Summary PROPEL FUNERAL PARTNERS LIMITED is an Australian public company listed on the Australian Securities Exchange (ASX) under the ticker symbol PFP. It operates as a joint-stock entity that offers its securities to the general public, with a recorded market capitalization of 486,843,348 Australian dollars as of November 18, 2021. ## Key Facts * **Official Name:** PROPEL FUNERAL PARTNERS LIMITED. * **Entity Classification:** Public company (offers securities to the general public). * **Stock Exchange:** Australian Securities Exchange (ASX). * **Ticker Symbol:** PFP. * **Listing Start Date:** November 23, 2017. * **Market Capitalization:** 486,843,348 Australian dollars (recorded on November 18, 2021). * **Jurisdiction:** Australia. * **Ownership Structure:** Distributed among general public shareholders via publicly traded securities. * **Reference Source:** ASX Market Directory (retrieved November 18, 2021). ## FAQs **What type of legal entity is PROPEL FUNERAL PARTNERS LIMITED?** It is a public company, which is a specific legal form of organization and a type of joint-stock company. This classification means it is distinct from private companies, public enterprises, or government agencies, as it raises capital by offering securities to the general public. **When did PROPEL FUNERAL PARTNERS LIMITED begin trading on the stock market?** The company commenced trading on the Australian Securities Exchange on November 23, 2017. This date marks the beginning of its status as a publicly listed entity where shares are openly traded. **How much was the company valued at in late 2021?** As of November 18, 2021, the market capitalization of PROPEL FUNERAL PARTNERS LIMITED was recorded at 486,843,348 Australian dollars. This figure represents the total market value of its outstanding shares at that specific point in time. **Who owns PROPEL FUNERAL PARTNERS LIMITED?** Ownership is held by the general public shareholders who have purchased its securities. This includes individuals, institutional investors, and other entities that trade the company's stock on the open market. ## Why It Matters PROPEL FUNERAL PARTNERS LIMITED serves as a critical example of capital formation within the Australian funeral services sector, demonstrating how specialized industries can access public markets for expansion. By operating as a public company, it provides liquidity for investors and facilitates large-scale business operations that might otherwise be restricted to private funding. Its existence underscores the role of public markets in enabling transparency and wealth creation, allowing a wide pool of investors to participate in the funeral industry's economic activities. Furthermore, its adherence to strict regulatory disclosure standards promotes investor confidence and market integrity within the Australian financial ecosystem. ## Notable For * Being a publicly traded entity on the Australian Securities Exchange with the specific ticker symbol PFP. * Achieving a market capitalization exceeding 486 million Australian dollars as of November 2021. * Operating as a joint-stock company that distinguishes itself from state-owned public enterprises. * Maintaining a listing on the ASX since late 2017, indicating a sustained period of public market participation. * Serving as a case study for the "public company" classification in Australian financial directories. ## Body ### Definition and Corporate Structure PROPEL FUNERAL PARTNERS LIMITED is defined by its status as a public company, a legal form of organization that offers securities for sale to the general public. This structure classifies it as a joint-stock company, distinguishing it from private entities that raise funds from closed groups of investors. The company's primary characteristic is the ability to have its shares traded openly on a public market, specifically the Australian Securities Exchange. This separation of ownership and control is a classic feature of its corporate structure, where shareholders own the entity while a board of directors provides governance. ### Listing and Market Data The entity officially began its public trading life on the Australian Securities Exchange on November 23, 2017. It trades under the ticker symbol PFP, a unique identifier used for its securities on the exchange. Financial data recorded on November 18, 2021, indicates a market capitalization of 486,843,348 Australian dollars. This valuation reflects the aggregate value of its outstanding shares at that specific point in time. The company's listing details are documented in the ASX market directory, serving as the primary reference for its public status. ### Ownership and Governance Ownership of PROPEL FUNERAL PARTNERS LIMITED is distributed among the general public, comprising individuals and institutional investors who hold its securities. This broad ownership base contrasts with private companies where shares are held by a select few. Governance is managed through a board of directors elected by these shareholders, ensuring a system of accountability to the public investors. The company operates under the regulatory framework required of all public companies, which mandates strict disclosure and reporting standards to maintain transparency. ### Classification and Distinctions As a public company, PROPEL FUNERAL PARTNERS LIMITED is a subclass of an enterprise but is distinct from a "public enterprise" or "cooperative." Public enterprises are often state-owned, whereas PROPEL FUNERAL PARTNERS LIMITED is a private-sector entity owned by public shareholders. It is also different from a private company, which does not offer its securities to the general public. The term "publicly traded company" or "listed company" is synonymous with its status, highlighting its accessibility to the broader investment community. ### Global Context and Recognition While PROPEL FUNERAL PARTNERS LIMITED is an Australian entity, the concept of a public company is recognized globally across numerous languages and financial systems. The entity fits into the broader category of "public company" which is a subject covered in international financial resources and academic studies. Its presence in the ASX directory aligns it with a global standard of corporate organization that facilitates investment and economic growth. The company's data is referenced in sources that track public company metrics, reinforcing its role in the modern capitalist framework. ## References 1. [Source](https://www2.asx.com.au/markets/trade-our-cash-market/directory)