Going For Listing: Securemetric

Securemetric, which is en route for a listing on the ACE market, is looking to raise as much as RM 17 million from the exercise.

Edward Law shares with us the plans of the company moving forward post listing. He also breaks down Securemetric's business to us, explaining what exactly the company does in the technology industry. Securemetric is mainly involved in providing digital security solutions and trading electronic identification products.

This is not exactly the best time to go for a listing. Based on the IPO data, there have only been 17 new listings on Bursa this year, which is low considering there were over 70 new listings back in 2004/05.

Why list at such a time? We ask him.

Looking at the performance of the new listings this year on Bursa, nearly a third of them are currently trading below their IPO price. Is Edward concerned about his IPO exercise slated for November 13?

Listen in.