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3.3 - Does a company get full capitalisation upon floating?

1800, 1829 Mainline, 1830BC, 1835, 1837SX, 1838 Rheinland, 1841, 1849, 1851, 1861, 1895, 1898, 18GL, Crisis, Steam Over Holland Only for shares sold.
1824, 1827 Jr., 1829, 1830, 1832, 1837, 1842, 1848, 1850, 1853, 1860, 1862, 1870, 1889, 18C2C, 18EC, 18GA, 18Mex, 18MW, 18NL, 18TN
Yes.
1825 Nine-certificate companies do, four-certificate companies don't.
1826 Only for shares sold until phase 10H, then fully capitalised when floated.
1831 Only for shares sold. (Par increases upon floating.)
1837 You get full capitalisation for the shares that have been and will be sold, but not for the coal and minor companies that will fold in.
1844 Regional companies get full capitalisation on floating. Other companies get 50% on floating, the rest when they reach their destination. Companies that float after the sale of a 6/6H train are fully capitalised.
1846 Only as shares are issued from the company treasury to the stock market (bank pool).
1854 100% capitalisation on floating, more on splitting.
1856 Depends on the size of train currently for sale; and on reaching destination.
18EU, 18Rhl Rhineland Only for shares sold until phase 5, then fully capitalised when floated.
18FL A five-share company gets five times its starting value, while a ten-share company gets ten times its starting value.
18Scan Only for shares sold in phases 2 to 4, full capitalisation from phase 5 on.
18US Yes, when initially floated. 4-share and 5-share companies gain additional capital later on.
18VA No, it gets it share by share until the sixth share of a ten-share company is sold, when it gets all the rest.
18West Granger Road companies are fully capitalised. Land Grant and public companies started prior to phase 6 are funded as shares are sold, and fully capitalised once phase 6 has begun.
2038 Yes, except for growth companies, which get capitalised for shares sold, i.e. excluding the President's double; and for the Asteroid League, which gets capitalisation for the President's double share, and for other shares as sold, but not for independents traded in.

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Mail me © Keith Thomasson January 31st 2008