I have always wondered how it is decided what the stock will list as. For example, some stocks are 0.10 cents and have market caps of 50MIL and meanwhile some stocks are listed at $12 and have a market cap of 50mil.
When I was a complete noob, I always thought the $12 stock was the blue chip stock lol.
But anyway, why is it that stocks are given different price tags? It looks a bit more appealing when stocks are trading at higher values. I realise the price is irrelevant, but rather, the market cap is what is important.
Can anybody help me out with this question?