noun
shares issued at incorporation
A technical term in corporate law and finance referring to shares that are issued when a company is first established.
設立時発行株式の総数は定款に記載しなければならない。
The total number of shares issued at incorporation must be stated in the articles of incorporation.
Compound of 設立時 (at the time of establishment) + 発行 (issuance) + 株式 (shares). A straightforward legal term.