The publicly issued shares account for more than 25% of the company's total shares, so the remaining 75% will not be issued. What is the form of expression on the balance sheet?

The public holds 25%, and all shareholders hold 75% before ipo. 25% is equivalent to issuing additional shares. If the listing is not locked, it can be traded. The first 75% of the ipo will be locked for one year and the actual controller will be locked for three years. After deducting the issuance fee and lawyer's fee, the net information disclosure fee becomes the monetary fund in the balance sheet. With the increase of assets, the issued share capital will increase by 1X, and the rest will be capital reserve. For example, the issue price per share 10 yuan, the share capital 1 yuan, and the rest of 9 yuan is capital reserve. The issuance expenses are deducted from the capital reserve, and those issued at parity are deducted from the surplus reserve and undistributed profits. In short, the balance sheet must be flat.