Stock exchange introduction

An introduction can make existing shares tradable on a public market and provide a route to future funding, but admission itself does not create subscription proceeds. The company must satisfy the relevant market's admission and continuing requirements. Existing shareholders may gain liquidity, while the business incurs listing costs and obligations. Distinguish an introduction from an IPO involving a public offer and from a placing of new shares. Terminology and available admission routes vary by market, so the transaction's actual structure controls the cash effect.