Corps and IPOs (Little Upsilon)

I was under the impression that if you bought up 100% of the shares of a corporation that had gone IPO that it would revert back to private. I did that with a couple of corps and they still show as IPOed just with me owning 100%. Is there an additional step for me to take or is it a time issue?

I've let them sit over a few game months with no real change in their status so I thought I'd ask. I went through the documentation and it seemed to reiterate that they would become private but mentioned no additional steps other than buying all shares.

its a time issue, just wait and they will turn private, that is if u own all the shares.

Caballero hit the core issue. You have to own every single share, it may say 100% but if even one share isn't under your control it stays public. Otherwise, it should flip into "private" on around the 17th of the month (if you get the acquisitions done by the 15th) or at worst, the next month.

if u nationalize the corp it will also change it's status to private

If it's public and you attempt to nationalize it, the game executes a share transaction with the primary shareholder, transferring ownership to you, however, it does not turn it back into a "state corporation" only the primary shareholder is affected, everyone else has no worries.