lets say a company valued at 1.2 billion is going public can it issue shares at $1.20 and have 1 billon shares outstanding.
2007-11-24 15:01:07 · 5 answers · asked by V-8 BLAST 1 in Business & Finance ➔ Investing
remember that to be listed on the nasdaq a company needs at least an $1 price tag per share
2007-11-24 15:08:13 · update #1
You cant go public for only $1 a share.. Tha $1 a share rule is to maintain listing on the exchange.. anyway the co can issue as many shares as it wants .. they can issue 100 million shares at 10 or 200 million at 5 or whatever they want as long as it complies with the rules and is in the prospectus / red herring
2007-11-25 09:29:12 · answer #1 · answered by ijokey2000 2 · 0⤊ 0⤋
As long as it can find subscribers for the shares, although it begs the question as to why it would want to be classified as a penny stock restricting trading rights on the stock.
2007-11-25 08:45:19 · answer #2 · answered by OPM 7 · 0⤊ 0⤋
It could try, but since it wouldn't be able to list on any major exchange at that price it wouldn't happen.
2007-11-24 23:03:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
legally yeah
will it ever happen Nope.
2007-11-24 23:04:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
wait wat i am a blonde go slow
2007-11-24 23:03:42 · answer #5 · answered by Anonymous · 0⤊ 1⤋