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3.2 - How many shares must be sold for a company to float?

1800, 1824, 1826, 1835, 1837, 1838 Rheinland, 1842, 1844, 1851, 1854, 1860, 1889, 18EU, 18GL, 18Mex, 18Rhl Rhineland 50%.
1825, 1827 Jr., 1829, 1830, 1832, 1837SX, 1848, 1850, 1862, 1895, 18C2C, 18EC, 18GA, 18MW, 18NL 60%.
1829 Mainline The Director's certificate, or three ordinary certificates.
1831 50% (all preferred stock).
1830BC 6 (variable percentage).
1841, 1898 20% (40% of a minor).
1846, 1849, 1861 20%.
1853 3 or 4 players, 60%; 5 players, 50%; 6 players, 40%.
1856 Depends on the size of the train currently for sale.
1870 60%; but 20% for Frisco.
18FL 60% for five-share companies, 50% for ten-share companies.
18Scan Depends on the current phase number.
18TN 60%, but only 20% for the L&N.
18US For an Eastern (4-share) company, the President's certificate. For a Land Grant (5-share) company, the President's certificate and one other certificate.
18VA 20% for ten-share companies, 40% for five-share companies (one certificate in each case).
18West The President's certificate.
2038 50%; but 20% for growth companies.
Crisis 50% for type I companies, 60% for type II companies.
Steam Over Holland A number of shares equal to the current phase number, which have to be bought as one purchase.

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© Keith Thomasson January 31st 2008