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Companies must go public if they have a certain number of shareholders. I think the number is 500 or more, but don't quote me on that.
by rpedela 10y ago
Companies must go public if they have a certain number of shareholders. I think the number is 500 or more, but don't quote me on that.
- SyneRyder 10y agoThat number sounds correct. I've just been reading Pour Your Heart Into It (by the Starbucks CEO), which mentions "the SEC considers a company public if it has more than 500 registered shareholders", and that they had to request a special exemption from the SEC for their Bean Stock employee shares program.