1, you can not go public, and the listing of closed-end funds is not mandatory. You can go public instead of having to go public.
2. If the closed-end fund is listed and traded, the holder can choose to sell it after listing. If it is not listed, a regular open day will be set up to provide investors with centralized purchase and redemption.
3. Closed-end funds will have a long closed period. After their establishment, they may not accept new shares and share offerings for a period of time before the new round of opening up. When it is open, you can decide how much you offer or how much you reinvest. Newcomers can also buy shares at this time.
If you want to buy a closed-end fund, you must look at its closed-end period, so as not to get stuck after buying it and affect the capital turnover.