If I buy 100 shares of a company, does their bank account go up? And if shares are sold do they go broke?
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To the person who is selling you the stock.
In the case of an initial public offering or a another public offering, it will go to the bank account of the company.
Most of the time, it will go to the bank account of either another person like you who is selling, or to the bank account of some investment company who is selling.
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