Share selling by countries
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Simcountry is an Online Digital World where you are the President of a country. |
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Share selling by countries
All countries own several or many state corporations. State corporations that become very profitable and reach a market value higher than 600 B and have a P/E ratio <40, can perform an IPO and become public. The country can sell some of the shares in an IPO or the corporation can issue new shares.
The choice of who sells the shares depends on the reason for the IPO. The corporation may want to pay back debt or the country may want to cash some of the value of state corporations. At the IPO, up to 15% of the shares of the corporation may be sold.
Once a corporation becomes public, it will offer more of its shares on the share market at a rate of 2% of the corporation shares per game month.
The president may decide to sell more shares and can offer up to 10% of the corporation shares. Once the shares are sold, or partially sold, more shares can be offered but the total offered and unsold shares cannot exceed 10% of the total number of shares in the corporation.
Automatic selling will continue at a rate of 2% per game month as long as the shares are sold and as long as the country has more than 51% of the shares of the corporation. When that level is reached or the shares are not sold, the procedure will stop offering additional shares.
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