The transition from a private company to a public company is a major undertaking. Naturally, it is understandable that making the decision to list is not an easy one. Nevertheless, if the company has reached a certain stage and that the capital market is the avenue to take the company to the next level, now is the time to list. Bursa Malaysia offers a choice of three markets to companies seeking listing in Malaysia (Main Market, ACE Market, and LEAP Market), which each listing market have a different procedure for companies going public.
The prime market for established companies that have met the standards in terms of quality, size and operations. Potential issuers for the Main Market must demonstrate that they have achieved a minimum profit track record or minimum size measured by market capitalization.
Sponsor-driven market designed for companies with growth prospects. It was formerly known as the MESDAQ Market prior to 3 August 2009. Sponsors must assess the suitability of the potential issuers, taking into consideration attributes such as business prospects, corporate conduct and adequacy of internal control. Main Market and ACE Market provide companies with greater visibility via the capital market and a clearly defined platform to raise funds from both institutional and retail investors.
The adviser-driven market which aims to provide emerging companies, including small- and medium-sized enterprises with greater fundraising access and visibility via the capital market. It is accessible only to sophisticated investors (as prescribed under the Capital Markets and Services Act 2007).
STEP BY STEP PROCEDURE
New information will be updated from time to time