Simcountry
Forum Beginners How Do you IPO shares over to your CEO?

How Do you IPO shares over to your CEO?

L
Liberation Peace

All worlds
08 Dec 2012 21:16Link
Please i'm new here. Now in my attempt to Ipo shares over to my CEO, i ended up turning the corporation into a country controlled public corp. Now is it still possible to make it private and what are the procedures i should have taken.
G
Gaz

All worlds
08 Dec 2012 21:59Link
Yes just keep buying shares of the corp till your ceo own 51% then it turns to an enterprise corp automatic.
L
Liberation Peace

All worlds
09 Dec 2012 05:13Link
I wish i had seen this on time. some other folk told me to do a public hearing and start selling shares. so what i have now is a country controlled public corp instead of a private corp. is there a way i can make it private corp?
L
Liberation Peace

All worlds
09 Dec 2012 05:49Link
So i still have 65.5% why is is not turning to private?
D
Drew

All worlds
09 Dec 2012 11:27Link
Alright so I'll breifly explain this and the difference real quick to you.

State Corp- IS a private corp, but it is owned by the state. 100% of ownership is the country and the country makes the decisions. And is entitled to all the profit, but you can be creative how you prefer to collect it.

National Corp- Same as state but it is MORE private because it isn't possible to sell shares.

Country Controlled Corporation- These are public, you lose the ability to completely freely manage the money in or out, but this happens when the state owns the largest active amount of shares. The largest amount that is not owned by an Investment Fund, or foreign country. You do not receive a efficiency or quality max upgrade, unless your country is the largest shareholder and is under 25% ownership.

CEO Controlled Corporation- These are public and very similar to Country controlled corporations. There are 3 big differences t
L
Liberation Peace

All worlds
09 Dec 2012 18:03Link
Thanks Drew that was helpful
C
Crafty

All worlds
09 Dec 2012 18:15Link
Seeing as you are new, I am going to assume you dont yet run an enterprise. I may well be wrong, but if you dont, dont go down the IPOing road. What you will be doing is selling a percentage of your corps to an unknown entity for a one time payment. After that, you have lost that percent of shares and so that percent of profit.

Once you have an enterprise and additional countries all that changes as you can fiddle around with who owns what percent and still keep all the profit within your own account, whilst making the corps more profitable.
D
Drew

All worlds
10 Dec 2012 06:53Link
np, and i also agree with Crafty. If you don't have an enterprise keep your shares. But ultimately it is up to you MV has gotten out of control and you can profit majorly from selling shares. But I still cannot support dilution of equity in your own country. If you change your mind you are going to make enemies.
C
Crafty

All worlds
10 Dec 2012 22:28Link
"...dilution of equity..."

Nicely put Drew.