SC warns public of pre-IPO investment scams

“Perpetrators of these scams, posing as ‘agents’, usually create a public group on WhatsApp to promote these pre-IPO investments," the SC said.

KUALA LUMPUR: The Securities Commission (SC) has cautioned the public on investment scams enticing investors with pre-initial public offering (IPO) shares of companies seeking listing on Bursa Malaysia.

The SC said these scams, mostly involving private placement offerings, are usually timed with upcoming IPO listings published on Bursa Malaysia’s website.