Once a company is a public company it is not possible to become a private corporation again.

Name: Once a company is a public company it is not possible to become a private corporation again.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

While it is uncommon, a public company can go back to being a private corporation through a process called "going private." This typically involves buying back all of the company's outstanding shares or being acquired by a private equity firm, effectively taking the company off the public markets.

Once a Company Is a Public Company It Is Not