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3.3 - Does a company get full capitalisation upon floating?

1761, 1827 Jr., 1829, 1830, 1830Lummerland, 1830NL, 1832, 1837, 1842, 1848, 1850, 1853, 1853 v2, 1857, 1859, 1860, 1862, 1868, 1869 The Golden Spike, 1869 USA West, 1870, 1873, 1876 v2, 1876-30, 1876-30 v2, 1879, 1881, 1889, 1893, 1899, 18??, 18AL, 18C2C, 18Chesapeake, 18CLE, 18Dixie, 18EC, 18EZ Levels 2 and 3, 18GA, 18GA v2, 18JP-T, 18Lilliput, 18Kaas, 18Mex, 18MS, 18MW, 18NK, 18NL, 18SS, 18SY-G, 18TN, Railroad Barons Yes.
1800, 1812, 1817, 1829 Mainline, 1830BC, 1835, 1837SX, 1838 Rheinland, 1841, 1847, 1847AE, 1849, 1851, 1858, 1861, 1865 Sardinia, 1867, 1876-35, 1876-35 v2, 1883, 1895, 1898, 18Africa, 18Ardennes, 18BL, 18GL, 18IN, 18Ireland, 18NW, 18NYC, 18OE, 18SA, 18USA, Crisis, Poseidon Only for shares sold.
1822, 1822CA
Only for shares sold until phase 6, then fully capitalised when floated.
1824, 1824 v2 Regional Railways with associated Coal Railways get 8 x the share price. Regional Railways without associated Coal Railways get full capitalisation.
1825 Nine-certificate companies do, four-certificate companies don't.
1826 Only for shares sold until phase 10H, then fully capitalised when floated.
1830 Cardgame Not applicable (no company treasuries).
1831
Only for shares sold. (Par increases upon floating.)
1834 Yes, but there are no par prices, and the money received is based on the price at whatever the sixth share is sold for, which may not be the price the President's certificate was sold for.
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, Steam Over Holland Only as shares are sold or are issued from the company treasury to the bank pool.
1854 100% capitalisation on floating, more on splitting.
1856, 1891 Depends on the type of train currently for sale; and on reaching destination.
1862EA, 1862EA v2 For companies with a Parliamentary charter (Chartered Companies), 100%. For Non-chartered Companies, only for shares sold.
1880 50% capitalisation at the start of the game. Once the first 3 train is bought, companies with 5 or fewer shares in the bank receive the remaining 50% capitalisation.
18CZ Yes, but the amount recevied depends on the size of the company. Small = 4 x initial share price, Medium = 5 x, Large = 10 x.
18EU, 18Rhl Rhineland, 18Ruhr Only for shares sold until phase 5, then fully capitalised when floated.
18EZ Level 1 Not Applicable (no share dealing).
18FL, 18GB A five-share company gets five times its starting value, while a ten-share company gets ten times its starting value.
18GM Depends on the type of train currently for sale.
18Neb No, it gets it share by share. Ten-share companies that begin in phase 5 receive their remaining capital after the fifth share is sold.
18NY Prior to the special Capitalisation Round, only for shares sold. After this round, fully capitalised when floated.
18PA Companies start as five-share companies and get five times their starting value. When converted to ten-share companies they get five times the current market value. The NYC is an exception to this and has its own special formation rules.
18Scan Only for shares sold in phases 2 to 4, full capitalisation from phase 5 on.
18SY-O If a company is floated with 60% of the shares sold, full capitalisation. If it is floated with ferwer shares, only for shares sold, with the remaining funds withheld until all shares are bought from the bank.
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.
Rolling Stock No, it gets capitalisation for all shares issued during launching, minus the face value of the private company used for launching, plus a cash controbution from the player.

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