Demutualization: company. Historically stock exchanges started as a
Demutualization:The process by which a mutual company becomes apublicly-traded company. A mutual company is a company owned by its members orusers for the benefit of those members or users. In demutualization, themembers give up their rights and receive shares in the company in return, whichthe (now former) members may then sell. Demutualization happens most often…