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ESOP to IPO conversion

Stephen Hu

I own company ESOP shares. All cost base recorded in quicken as an IRA account without Financial Institution and account number.

The cost base is based on add share action to record shares given at an estimated price every year. The company went IPO recently and have a stock symbol listed in NYSE.

Previously I name the security share as “CESOP” with no stock symbol. May I simply specify stock symbol to the security to track current market value on my holding?

If not, what is the process to convert records that would preserve the cost base and to reflect a current market value on the holding.

Thanks.

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Accepted answers

Jim_Harman

Do you have the same number of shares and the same cost basis as you did before the IPO?

If so, now that the shares are publicly traded, you should be able to just add the ticker and check the Download Quotes box in the Security list and the quotes should start to download.

Back up your data file first just in case ...

All comments

Jim_Harman

Stephen Hu

Yes, shares and receiving price match ESOP yearly statements, before IPO. Yes, data is backup before any changes. Add security NYSE listing. May be because of the symbol is too new, Quicken has yet to provide price data. I will wait a days or two to see, thanks.

Jim_Harman

Sounds good.

If you want to share the ticker symbol we can try it.

Quicken already has downloads for Lyft, so it looks like adding IPOs is pretty prompt.