Open joint-stock company

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A public joint-stock company, abbreviated PJSC (Russian: Публичное акционерное общество, abbreviated Russian: ПАО) or open joint-stock company, abbreviated OJSC (Russian: Открытое акционерное общество, abbreviated Russian: ОАО), is a type of company in many successor states of the Soviet Union, particularly in Russia. Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders.

These public stock companies are somewhat^{[further explanation needed]} comparable to limited liability partnerships or corporations under US law.