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Can you list the top facts and stats about Privately held company?
Summarize this article for a 10 year old
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or Exchange , also known as 'over-the-counter'. Related terms are unlisted company, unquoted company and private equity.
While they are often less well-known than their publicly traded counterparts, private companies still have major importance in the world's economy. For example, in 2008, the 441 largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to Forbes.
Separately, all non-government-owned companies are considered private enterprises. That meaning includes both publicly traded and privately held companies since their investors are individuals.
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