noun
the process of converting a mutual company into a publicly traded company by selling shares to the public
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The demutualization of the insurance company was a complex process that involved converting its ownership structure.
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They talked about demutualization at the meeting, but I didn't really understand what it meant.
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Demutualization sounds like a made-up word, doesn't it?
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The demutualization of the club changed the dynamic among its members, leading to new opportunities and challenges.