1830: Railways & Robber Barons
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Does a company's treasury get money when its shares are sold from the initial offering?
The floating rule funds the treasury only at float, and the glossary defines the bank as the money outside players and railroads.
- 1830: Railways & Robber Barons rulebook · Rulebook · Floating a Corporation (5.3)
- 1830: Railways & Robber Barons rulebook · Rulebook · Glossary
- pilotbob · Community · 2015-11-03
No. Money paid for shares goes to the bank, not the company. The treasury gets its starting capital only when the company floats, ten times par. Unsold initial offering shares stay at par and pay nothing.
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