Version 3.0.19
Okay so I decided to do something silly just to see what happens. My corporate is private, I had 82% of Beta Corp and I clicked Merge and it prompted me with the option to either issue shares or pay cash. Naturally I choose issue shares, shares were issued and the merger was completed.
On the Corporate Details page it still identified my company as private. I went to shareholders and I actually have shareholders and 98.xx% of my company so in a sense I guess is still a private company. I went to the stock market and my company wasn't listed. I checked the IPO screen and it appears I still have the option to IPO. I checked to see if I could buy or sell my personal shares in the company and it doesn't appear I can. (I didn't save the game because this was only just a lets see what happens situation).
This actually worked perfectly! the shareholders of the acquire company got stock in my private corporation which they could not cash out until my company IPO'ed. I performed an IPO and my company was listed on the market and the existing shareholders now had a trade able security nice!
Private company issues shares for merger...a few questions
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- anjali
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Re: Private company issues shares for merger...a few questio
your private corporation is actually a company on shares (i.e. limited on shares) and you handed out shares for the merger. but a limited on shares is not listed on the stockmarket because you didnt not make an IPO and theres usually a restricted possible of trading the shares of this very company (i.e. shares can only be sold after offering to other shareowners first, or can not be sold at all only offered to be bought back by the company,, depends on company contract). like in real life you can issue shares, i.e. i can pull in my country all my personally paid taxes from the previous 6 years in order to invest into my company, when i do this, i must issue shares for my company for the total amount of taxes paid back. this shares are owned by the goverment for 3 years, after this 3 years i "simply destroy" the shares but i am no way listed on the stockmarket because i didnt make an IPO just a limited on shares thats all my company is.
your corp ingame is not a soletrader (private company), you are not liabe with your personal wealth, and therefore your company figures are public availible. i dont see it as a bug, you can issue shares anytime with majority vote of your public body, as actually every company with limited liability is a "living entity" on its own just has no rights to deal in public, thats why it needs a CEO to represent this entity in the public and to deal in the name of the company in favour of the company, thats why you mostlikely gonna go to prison if you bust the company due to dealing knowingly in a way that harms the company (its worse then murder as you can easily have free hotel room+board behind bars for 20years+)
the "Private Company" ingame only revers to the fact that your compnay is not listed on the stock exchange and your shares are not public tradable
the only issue i would see here is, that you need to go public in order to buy back the shares, whilest irl you are able to vote out minor owners and force them to sell their shares to the company without an IPO. but i wouldnt have a clue if it can be done in the game, that the company can buy back shares of minority owners without IPO.
your corp ingame is not a soletrader (private company), you are not liabe with your personal wealth, and therefore your company figures are public availible. i dont see it as a bug, you can issue shares anytime with majority vote of your public body, as actually every company with limited liability is a "living entity" on its own just has no rights to deal in public, thats why it needs a CEO to represent this entity in the public and to deal in the name of the company in favour of the company, thats why you mostlikely gonna go to prison if you bust the company due to dealing knowingly in a way that harms the company (its worse then murder as you can easily have free hotel room+board behind bars for 20years+)
the "Private Company" ingame only revers to the fact that your compnay is not listed on the stock exchange and your shares are not public tradable
the only issue i would see here is, that you need to go public in order to buy back the shares, whilest irl you are able to vote out minor owners and force them to sell their shares to the company without an IPO. but i wouldnt have a clue if it can be done in the game, that the company can buy back shares of minority owners without IPO.
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Re: Private company issues shares for merger...a few questio
Yeah it's not a bug, actually pretty cool. Would like the ability to buy back shares,without an ipo.anjali wrote:your private corporation is actually a company on shares (i.e. limited on shares) and you handed out shares for the merger. but a limited on shares is not listed on the stockmarket because you didnt not make an IPO and theres usually a restricted possible of trading the shares of this very company (i.e. shares can only be sold after offering to other shareowners first, or can not be sold at all only offered to be bought back by the company,, depends on company contract). like in real life you can issue shares, i.e. i can pull in my country all my personally paid taxes from the previous 6 years in order to invest into my company, when i do this, i must issue shares for my company for the total amount of taxes paid back. this shares are owned by the goverment for 3 years, after this 3 years i "simply destroy" the shares but i am no way listed on the stockmarket because i didnt make an IPO just a limited on shares thats all my company is.
your corp ingame is not a soletrader (private company), you are not liabe with your personal wealth, and therefore your company figures are public availible. i dont see it as a bug, you can issue shares anytime with majority vote of your public body, as actually every company with limited liability is a "living entity" on its own just has no rights to deal in public, thats why it needs a CEO to represent this entity in the public and to deal in the name of the company in favour of the company, thats why you mostlikely gonna go to prison if you bust the company due to dealing knowingly in a way that harms the company (its worse then murder as you can easily have free hotel room+board behind bars for 20years+)
the "Private Company" ingame only revers to the fact that your compnay is not listed on the stock exchange and your shares are not public tradable
the only issue i would see here is, that you need to go public in order to buy back the shares, whilest irl you are able to vote out minor owners and force them to sell their shares to the company without an IPO. but i wouldnt have a clue if it can be done in the game, that the company can buy back shares of minority owners without IPO.