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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 publi
by 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 agoIts 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