My Foodie Box Ltd Shares float

What is the Shares float of My Foodie Box Ltd?

The Shares float of My Foodie Box Ltd is 14.848M 22.16%

What is the definition of Shares float?

Shares float is the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock.

= annual shares outstanding - closely held shares

Shares float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government. This number is sometimes seen as a better way of calculating market capitalization because it provides a more accurate reflection 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

The float is calculated by subtracting the locked-in shares from outstanding shares. Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the large holdings of founding shareholders, corporate cross-holdings, and government holdings in partially privatized companies are excluded when calculating the size of a public float.

Shares float of companies in the Consumer Staples sector on ASX compared to My Foodie Box Ltd

What does My Foodie Box Ltd do?

My Foodie Box Limited prepares and delivers meal kits in Western Australia. It also operates a subscription based e-commerce platform. The company was incorporated in 2017 and is based in Maylands, Australia.

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