Gary Gold, the Managing Director of Creative Construction Ltd, a private company, has decided to convert his
Question:
Gary Gold, the Managing Director of Creative Construction Ltd, a private company, has decided to convert his business into a Public Limited company. This decision is based on the fact that he intends to access capital from the public through equity rather than debt financing. He is contemplating raising a maximum of $400,000,000 Based on the facts presented above, Gary Gold has come to you for advice:
You are required to:
a) Recommend to Gary whether he should list his company on the Main or Junior Market of the Stock Exchange, giving reasons for your recommendation.
b) Outline:
(i) the detailed requirements that the company would have to satisfy based on the particular market chosen in (a) above.
(ii) State Two advantages and ONE disadvantage that the company would experience being listed on the market chosen
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton