Post by Deleted on Dec 30, 2016 23:41:56 GMT
I researched a particular IPO question for over an hour and can't find an answer. Is it possible someone can help me to understand the following scenario? This stock I own – TGXSF (share price = .78 cents) – has formed an IPO. The IPO was named TIG (share price = $14.60).
1. Does anyone know what happens to the shares I own under the name of TGXSF, or does each company do things differently?
2. Will my TGXSF shares be affected if TIG does well, and vice versa?
According to my stock account, It appears nothing has changed in my holdings. One article said you automatically own the new IPO's shares... but that doesn't make sense to me based on what my holdings are showing me. Never heard of this happening so the whole thing is new to me.
—Clueless Curious
1. Does anyone know what happens to the shares I own under the name of TGXSF, or does each company do things differently?
2. Will my TGXSF shares be affected if TIG does well, and vice versa?
According to my stock account, It appears nothing has changed in my holdings. One article said you automatically own the new IPO's shares... but that doesn't make sense to me based on what my holdings are showing me. Never heard of this happening so the whole thing is new to me.
—Clueless Curious
