"A small public float is holding the stock back," he said.

That is more than the public float of 126 million shares.

Some 13 million Telkom shares, about 9 percent of the public float, were traded.

By broadening the stock's public float, the offering may encourage institutions to buy the stock.

It includes shoreline access and a public float.

The rest is in public float.

Public float is defined as the shares of their publicly traded common stock that is not held by management and certain large investors.

Short squeezes are more likely to occur in stocks with small market capitalization and a small public float.

Mr. Emerson would rather talk about the possibility of a short squeeze, noting that the short position is very large relative to the public float.

After the public float, the Kirby family remained the majority shareholders, owning 51.5% of the shares in Village Roadshow.

February 9: First public float of NTT.

As part of the public float process, Australiawide Airlines' name was changed to Regional Express Holdings.

But Mr. Seidler's opinion evidently unnerved some institutional holders, as more than 1.5 million shares were traded, or about 12 percent of the public float.

Even with the huge stake in Marvel, MacAndrews & Forbes did not control trading in the public float.

Public float, the total number of shares publicly owned and available for trading, after subtracting restricted shares from the total outstanding shares.

Texscan has about 2.2 million shares outstanding, but only about a million of them are in the public float and readily tradable, Mr. Lambert said.

In 1995, David Jones announced a $800 million public float of the David Jones and John Martin retail operations.

With more than half the company's shares in the hands of insiders, that amounts to about 9 percent of the public float, the shares available for public trading.

Premier Anna Bligh and Treasurer Andrew Fraser said it would consider the offer but believed a public float was the best option.

To do so, they will have to swear they were not part of the attempt to corner the stock by buying more shares than were available in the public float.

In October 1987, the VEDC became involved in the proposed public float of Wallace International, a pharmaceutical company.

However, there was some uncertainty surrounding this transaction, as with a public float of less than 10% of shares outstanding, Chinatrust Philippines would have to be delisted.

The separation and public float of the department store assets in 1995 resulted in structural and cultural changes which saw periods of stagnancy and high staff turnover.

Large holdings of founding shareholders, corporate cross-holdings and holdings of the Government in partially privatized companies are usually excluded while computing this sense of "public float".

In December 2005, the SEC created a third category of "large accelerated filers," accelerated filers with a public float of over $700 million.