THE Securities Commission (SC) will reduce the time-to-market for initial public offerings (IPOs) – the duration between the time the prospectus is issued until the company is listed – from 25 market days currently to 13 market days starting Dec 1.
IPO applicants must have CDS accounts when applying for the shares to facilitate the reduction in time, said Second Finance Minister Datuk Dr Jamaludin Jarjis.
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