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re: Human IPO: Man Sells Himself for $10,000

Posted on 4/18/13 at 9:27 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/18/13 at 9:27 pm to
Edit your title.

quote:

decided to split himself into 100,000 shares and set an initial public offering price of $1 per share.


That means his IPO was for $100K, not $10K.

quote:

Within five years, Mike sold over 3,700 shares of himself and his stock price hit a high of $20.


This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.
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