It was a publicly owned company before it was bought by B of A in 2009.

2009年被美国银行收购之前，它曾是一家上市公司。

Plus, private equity groups are snapping up publicly owned companies for more than a pretty penny.

此外，私募股权投资集团正在以更高的价格抢购上市公司。

" Publicly owned companies" are companies that sell partial ownership, sell stock, in their companies, and these companies have different regulations, different rules they have to follow, because they are publicly owned.

“公有公司” 是出售部分所有权， 出售其公司股票的公司，这些公司有不同的规定， 他们必须遵守不同的规则， 因为它们是公有的。

They didn't face the commercial pressure that a publicly owned company might have faced to suddenly open 100 stores and get really big really quickly and then possibly risk disaster because they hadn't thought it through.

他们没有面临上市公司可能会面临的商业压力——突然开 100 家店，迅速壮大，然后可能会冒灾难的风险，因为他们没有考虑周全。