Unlisted public companies mainly include joint stock limited companies that publicly issue shares but are not listed on the stock exchange, and joint stock limited companies that have more than 200 shareholders through non-public offering (issuing shares to specific objects).
What's the difference between listed companies and unlisted companies?
The difference between listed companies and unlisted companies;
1, the company's financing channels are broadened and financing is simpler. When it is not listed, it can only be financed in the form of equity, but after listing, it is easier to refinance with more equity; Unlisted companies cannot raise funds in the secondary market.
2. Improve the visibility and reputation of the enterprise. When the same products are placed in front of us, we will definitely choose those products that have been listed, while unlisted products are less likely to be selected because of their low popularity.
3. The shares of unlisted companies are mainly concentrated in the hands of some senior executives, and the company's decisions may all be decided by legal persons, and the relevant decisions of listed companies need the approval of the shareholders' meeting.
4. The probability of being acquired is very small. Before the company goes public, if other companies prepare to buy, the cost will be less, and the total market value will increase after the company goes public, so the possibility of being bought is small; Unlisted companies have a high probability of being acquired.
What are the characteristics of unlisted public companies?
Unlisted public companies have the following characteristics:
1. Unlisted public companies are companies with serious information asymmetry.
2. Unlisted public companies refer to public companies that are worse than listed companies in terms of transaction scale and transaction convenience.
3. The governance structure of unlisted public companies needs a certain degree of standardization.
What are the requirements for a company to go public?
The conditions for listing a company are:
1. With the approval of the State Council Securities Regulatory Authority, the stock has been publicly issued to the public;
2. The total share capital of the company is not less than RMB 30 million;
3, continuous operation for more than 3 years, and the last three years of continuous profit;
4. The number of shareholders holding shares with a face value of more than 1,000 yuan shall not be less than 1,000;
5. There are no major illegal acts and false financial and accounting records in the past three years.