Is a company limited by shares a listed company?

Legal analysis: A joint stock limited company is not necessarily a listed company, but a listed company must be a joint stock limited company. Only companies limited by shares can go public.

Legal basis: Article 125 of the Company Law of People's Republic of China (PRC), the capital of a joint stock limited company is divided into shares, each of which is equal in amount.

The shares of the company take the form of shares. A stock is a certificate issued by a company to prove the shares held by shareholders.