Listing on the First Board and Second Board

Raising money from the public and becoming a publicly traded company is a major milestone for any company. It is a decision requiring careful considerations, expert advice, and increased legal responsibilities.

A public company established under the Companies Act can list on the First Board or Second Board of the MSE. The First Board for equity is for larger capitalised companies. (Listing Rules � First Board).

The Second Board is for smaller public companies. Second Board companies may move to the First Board if such companies meet the First Board listing requirements. (Listing Rules � Second Board)