Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
dhenson
on 31/07/2013, 17:09:11 UTC

Given an example:

7 Million shares / 9 Million orders = 0.777

I have 50,000 share order @ 0.001, total 50 btc

50,000 x 0.777 = 38,850 shares

My share become 38,850 and it's worth 0.001287 per share

The higher number of orders the higher the price per share will be.

You will 'buy' 38,850 shares @ .001.  for a total of 38.85 btc.  The remaining 11.15 btc will still be in your balance at btct.co.