provides a more accurate reflection (than entire market capitalization) of what public investors consider the company to be worth. In this context, the float may refer to all the shares outstanding that can be publicly traded.

Calculating public float

The float is calculated by subtracting the locked-in shares from outstanding shares. For example, a company may have 10 million outstanding shares, with 3 million of them in a locked-in position; this company's float would be 7 million

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