Read the following passage and answer if the question is true or false.
Passage: A public limited company (legally abbreviated to plc) is a type of public company under the United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a plc may also be privately held, often by another plc), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies. Public limited companies will also have a separate legal identity.

Question: are public limited companies in the private sector?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
False. Public limited companies are in the public sector because their shares can be freely sold and traded to the public.