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A private company has no shares. A private company can go public through a so called IPO (initial public offering) and thereby issue stock to raise capital. It then becomes a corporation compared to a sole proprietorship.

A private company also know as private ltd company can also issue share but no in the public but among closed group. The share are not will not be open for sale to the public until the company goes public.

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Q: How do you find out how many shares a private company has issued?
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