Kuala Lumpur, Aug 28: Mercury Securities Group Berhad has unveiled its prospectus for an initial public offering (IPO) on Bursa Malaysia’s ACE Market.
The company, an investment holding firm, operates through its subsidiary, Mercury Securities Sdn Bhd, and is engaged in stockbroking, corporate finance advisory, margin financing, underwriting, and custodian services.
The IPO aims to raise RM39.27 million by issuing 157.09 million shares at RM0.25 per share.
The funds will be allocated for margin financing, digitalization, marketing, working capital, and listing expenses.
Managing Director Chew Sing Guan stated that the listing will drive innovation and expansion of services, building on their profitable track record since 1992.
Mercury Securities, the first stockbroking company seeking an IPO listing on Bursa in two decades, plans to evolve in tandem with the ever-changing capital market.
Public Investment Bank Berhad’s Deputy CEO, Alyn Lim Geok Lian, commended Mercury Securities’ strong market position and leadership, predicting sustained growth and value creation.
The IPO’s Public Issue applications are open until Sept 5, 2023.
Mercury Securities is set to be listed on Sept 19, 2023, with an anticipated market capitalization of RM223.25 million.
PIVB serves as the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for the IPO.
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