The fundamental purpose of IPOs

THERE is nothing quite like listing day. The energy is palpable as the crowd gathers with bated breath, eyes glued on the clock as it ticks closer to 9am. Then comes the moment – the sound of the gong echoes through the hall, marking a company’s official debut on the exchange.

It is a corporate milestone, filled with pride and excitement – a day the board of directors, founders, and management of the public listed company will always cherish.