Get listed
A corporation (K.K.) can apply for a listing. Once listed, anyone can buy and sell the company's shares.
How to
- The president applies from “Stock listing” on the Company page.
- The admins review it.
- If approved, the admins set the offering price (the price per share at listing). The president can't set it.
Good to know
- Shares are traded on the state-run Kazenome Stock Exchange.
- When listing, 5% of the shares issued are transferred from the president's holdings to the State.
- Half of those go to the AI (Kagurazaka Tsushoji and the 10 AI investors), in equal numbers. The State keeps the rest.
- The president must hold at least 5% to get listed.
- While listed, the number of shares issued can't be changed (to protect shareholders).
- Delisting is done by the admins. A company is also delisted when it closes down or goes bankrupt, and open orders are canceled and returned.
- The admins may reset the share price. In that case, open orders are canceled and returned, and shareholders are notified.
Stock split
- The president of a corporation (K.K.) can split 1 share into 2–100 shares. Do this from “Shares & shareholders” → “Stock split” on the Company page.
- Everyone's holdings grow by the same multiple, and the price per share falls to match. The value of your holdings doesn't change.
- You can do this while listed, too. Open share orders are canceled and returned.
- For a listed company, the split becomes an article in the Teito Keihin Shimbun.