Do only listed companies have stocks?

Legal analysis: Usually, only listed companies have stocks. Stock is a certificate of ownership issued by a joint-stock company, and it is a kind of valuable securities issued by a joint-stock company to all kinds of shareholders as a shareholding certificate to obtain dividends and bonuses.

Legal basis: People's Republic of China (PRC) Company Law.

Article 126 Stock issuance shall follow the principle of fairness and justice, and each share of the same class shall enjoy the same rights. For the same class of shares issued at the same time, the issuance conditions and prices of each share shall be the same; Any unit or individual shall pay the same price for each share subscribed.

Article 127 The issue price of shares may be at or above par value, but not below par value.

Article 128 The shares shall be in paper form or other forms as stipulated by the the State Council Securities Regulatory Authority.