Unquoted Public Company


DEFINITION of 'Unquoted Public Company'

A company with previously issued securities that are no longer quoted or traded on formal exchanges such as the NYSE. Shares in these companies are available in the over-the-counter market, but they trade in very low volumes, if at all.

BREAKING DOWN 'Unquoted Public Company'

One reason for such companies is the fact that a private firm cannot have more than 50 shareholders. By remaining unquoted, the firm's owners can operate the business in a similar nature to a private company, avoiding federal and exchange regulations. Unquoted public companies can also result from a company being delisted. Because the shares of these companies are not quoted and are rarely traded, they are often illiquid and difficult to price. Usually analysts will value unquoted shares by using comparables or price multiples.

  1. Toronto Stock Exchange - TSX

    The largest stock exchange in Canada. The Toronto Stock Exchange ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context ...
  3. Delisting

    The removal of a listed security from the exchange on which it ...
  4. Unlisted Security

    A financial instrument that is not traded on an exchange, but ...
  5. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  6. Illiquid

    The state of a security or other asset that cannot easily be ...
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