未み上じょう場じょう

noun which may take the genitive case particle 'no'

unlisted; non-public

Used in financial contexts to describe a company whose shares are not listed on a stock exchange. Can also refer more broadly to non-public entities.

• その企き業ぎょうはまだ未み上じょう場じょうです。

  That company is still unlisted.

• 未み上じょう場じょう株かぶの取とり引ひきは限かぎられています。

  Trading in unlisted shares is limited.