The difference between listed companies and unlisted companies
1, financing difficulty is different.
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. Different financing channels.
As long as a listed company goes public, it is equivalent to opening the financial market, but before listing, the financial financing channel is closed.
3. The probability of being acquired is different.
Before the company goes public, if other companies are ready to buy, the cost will be less; After listing, the total market value of the company will increase, so the possibility of being acquired is small; Unlisted companies have a high probability of being acquired.
4. It is difficult to enhance the visibility of enterprises to varying degrees.
When the same products are placed in front of you, you will definitely choose those that have already been listed; Unlisted products are less likely to be selected because of their low popularity.
Second, the characteristics of listed companies
1. The listed company is a joint stock limited company.
A joint stock limited company can be a non-listed company and has the general characteristics of a joint stock limited company, such as shareholders' limited liability, ownership and management rights. Shareholders participate in company decision-making by electing the board of directors and voting.
2. The listed company must be approved by the competent government department.
According to the Company Law, a joint stock limited company must be approved by the securities management department authorized by the State Council or the State Council, and may not be listed without approval.
3. The stocks issued by listed companies are traded in the stock exchange.
The issued shares are not traded on the stock exchange, but they are not listed. The biggest feature of listed companies is that they can use the securities market to raise funds and widely absorb social idle funds, thus rapidly expanding the scale of enterprises and enhancing the competitiveness and market share of products.
It can be seen that listed companies are actually listed on the stock market. If a company wants to go public, it still needs to meet many conditions, and it is possible to go public only after various approvals.