What are the advantages of unlisted companies?

For the founders of enterprises, they can firmly control the "control right" of the company without listing, and listing means transferring a considerable part of the "control right" of the company. It will not be affected by standardization and information disclosure, and the decision-making efficiency will be higher.

After listing, enterprises may be out of control. The original enterprise is working normally around the team built by the founder. After listing, the change of shareholders will introduce new members to the board of directors, which may weaken the control of the original management team. At the same time, shareholders who originally owned shares may sell their shares and leave, and the impact of high-level turmoil on enterprises is undoubtedly unfavorable.