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Isn't there a rule that more than a certain number of share holders -> Must go public This: alex_young 14 minutes ago [–] Won’t this force them to go public?

Isn't there a rule that more than a certain number of share holders -> Must go public This: alex_young 14 minutes ago [–] Won’t this force them to go public? Too many shareholders? reply How can they skirt around these rules?

SMAAART 6y ago
Not exactly. Once a company have >500 shareholders they have to do some periodic SEC filings similar to publicly traded companies, but their share are not publicly traded, so they are not "public" companies.
- vmception 6y ago
  Its 2,000 now And of course people typically then list their shares since they have all the same headaches of reporting, but also get the benefits of liquidity when listed
ShorsHammer 6y ago
> How can they skirt around these rules? > JPMorgan The answer is in the headline. Technically, the shares will probably be held in a trust.
btian 6y ago
That's not true in the US. As long as the company is a C Corp, which all these companies are.
smabie 6y ago
JPM can sell equity swaps and just hold all the shares themself.