demutualization
noun [ U ]
FINANCE (UK also demutualisation) uk/ˌdiːmjuːtʃuəlaɪˈzeɪʃən/ us/ˌdiːmjuːtʃuələˈzeɪʃən/the process in which a financial organization demutualizes:
The mutual life insurance companies are converting to publicly traded companies, in a process of demutualization.