Can unlisted shares be sold?

Yes, unlisted shares can be sold provided you find the right price and buyer.

Some of the exit strategies for unlisted shares that will help you sell your shares include :

• IPO announcement.
• Selling it back to the broker (provided the broker/dealer is ready to buy it)
• Buyback announcement by the company.

However, once the Company announces an IPO, these shares become pre-IPO shares and are subject to a lock-up period of six months from the date of listing.