非ひ上じょう場じょう会がい社しゃ

noun

unlisted company; privately held company

A company whose shares are not traded on a public stock exchange. Often contrasted with 上場会社 (listed company).

See also: 非公開会社

• 非ひ上じょう場じょう会がい社しゃは株かぶ式しき市し場じょうに株かぶ式しきを公こう開かいしていない。

  An unlisted company does not offer its shares to the public on the stock market.

• このベンチャー企き業ぎょうはまだ非ひ上じょう場じょう会がい社しゃだ。

  This venture company is still a privately held company.