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What are Unlisted Shares?
Pre-IPO Companies are private firms who intend to have a listing on the stock market leaderboard. In India that would mean being listed on the NSE or BSE or both. Once listed on the stock market, these companies are referred to as public listed companies. Such firms will have an Initial Public Offering (IPO) to invite investors to buy shares/stock of the company. So to put things in perspective, companies who have opened doors to investors, but have not yet been listed on the stock market and have not yet made an Initial Public Offering are referred to as Unlisted/Pre-IPO shares.
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