Trading Status describes the current state of a company's existence and independence as a going concern. Common statuses include: Active (operating independently), Acquired (taken over by another entity), Merged (combined with another company), Listed (now publicly traded), Wound Up / Liquidated (ceased operations), Dormant (registered but inactive), and In Administration (undergoing formal insolvency proceedings).
Trading Status is a key filter when analysing portfolio companies and deal histories. An investor researching potential co-investment opportunities would typically filter for Active companies. A researcher studying exit outcomes would examine companies that have transitioned from Active to Acquired or Listed. On Alternatives.pe, Trading Status is updated as new information about a company's status is verified.