Some companies wish to list or sell their shares on Bursa Malaysia as an alternative financing source instead by getting loan from financial institutions.
The first time listing is done thru a process called an Initial Public Offering (IPO). Prior to the listing, the company requires an approval from the Securities Commissions (SC) by abiding certain rules and guidelines.
Upon the receiving approval from SC, the would apply to Bursa Malaysia and appoint a merchant bank (now is known as investment bank) to undertake the IPO issuance.
The IPO's price would be determined by the merchant bank thru a market study. The first time listing is on the Primary Market. Once the listing occurs, trading subsequently can be taken place thru Secondary Market which investors buy and sell shares as normal.
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