Ratjoy.com » Forums » EoS Newbie Station » Can a public company (issued stock) ever go private?
You need to register or login to post a reply.
Can a public company (issued stock) ever go private?
|
Henry King RJ: Business Tycoon CO: BusinessTycoon Post Rating: 0 + / - Total Posts: 83 Karma: 13 Joined: May 31, 2013 |
Posted on Jul 30, 2013 If you issue stock, in an IPO, and then decide later you would prefer to not have shareholders and be privately owned again, is there any way to do that? If you own 100% of the shares, via buying them from other shareholders as the controlling owner, or via stock buyback, can you then decide later to delist your firm from the stock market? This happens from time to time with real company, who get bought out by a private equity group or by management via LBO. Can it happen in the game? If not, this would appear to be a serious drawback to selling stock.
|
|
Jurry Hart RJ: jurry CO: Jurre Post Rating: 0 + / - Total Posts: 78 Karma: 10 Joined: Feb 28, 2012 |
Posted on Jul 31, 2013 Menu : City -> SEC -> Go privateRequisites for :Gooing Private *Going private costs $1.00 M in fees *Cannot Go Private while an IPO, SEO, or Buyback is active. *No history of IPO, SEO, Buyback, or Going Private within 3 years. *Cannot Go Private when another active (within 14 server days) shareholder has more than 1% of total shares. This has been taken form the test server "Test EOS",not sure if this feature is also ported to the production "CAPOL EOS" |
You need to register or login to post a reply.