A listed company (Swedish: börsbolag), in the Swedish Companies Act called a stock market company (aktiemarknadsbolag), is a public limited company whose shares are traded on a regulated market such as Nasdaq Stockholm. It gets there through a stock market listing and must then follow special disclosure rules.
A listed company is in practice a CSD-registered company, whose share ledger is kept by Euroclear Sweden. By contrast, in companies with unlisted shares the board itself is responsible for the share ledger.
A public limited company may offer its shares to the public and can be listed on an exchange.
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A stock market listing means a company's shares become available for trading on an exchange.
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A CSD-registered company is a limited company whose share ledger is kept by a central securities depository.
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Unlisted shares are shares in companies that are not listed on a stock exchange or trading venue.
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