When is the first IPO expected?

More news on the LEAP Market

http://www.thestar.com.my/business/busines...aith-with-smes/

launch date: 25 July 2017

I guess that is when the IPO applications can start to come in.

This post has been edited by Cubalagi: Jul 15 2017, 02:29 PM

I dont know about LEAP costing, but if you look at the last ACE Market IPO Intan Bina:

IPO proceeds of RM26.76 million
RM3.2 million was to pay for listing fees.

That is equal to 12% of the funds raised. Means companies are willing to pay that much to be listed.

I have no idea how much all these fees are. I was responding to your statement saying that its "quite a shitty deal". Its not.

Using your example, raise RM10 million and pay RM1 million in fees. I bet many SMEs will be willing to take that. The RM10 million is not a loan. No need to pay interest and even the principal back.. ever. Plus you get the benefits of being a "listed company" ... your creditors more confident with u, u can give share options to staff, can raise more capital via rights etc. Only now you have to deal with "minority shareholders".

Big banks only want do big IPOs that earn big $$$$ in fees.

Maybank don't do even ACE Market but only big IPO like Lotte and Malakoff.

I have registered myself as sophisticated investor

u just need to show evidence of income that meets the criteria. N sign a risk disclosure statement.