Can a limited liability company go public?

Legal analysis: A listed company refers to a joint stock limited company whose publicly issued shares are listed and traded on the stock exchange with the approval of the securities management department authorized by the State Council or the State Council.

Limited liability companies can't be listed directly, and only after the shareholding system reform and successful listing on the exchange can they become listed companies.

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

Article 120 A listed company as mentioned in this Law refers to a joint stock limited company whose shares are listed and traded on a stock exchange.

Article 121 Where a listed company purchases or sells major assets within one year or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting.