Typical process for public issues Must be public company:see s 29. Private co converting to public:see s 30. ·Appoint sponsor. Sponsor to engage in due diligence and drafting of the prospectus Apply for listing on stock exchange;submit prospectus(listing document)to stock exchange for review:see LR Ch 9. At the same time,lead underwriter (usually the brokerage arm of the sponsor)will begin process of syndication (obtaining other underwriters ) Following approval by the stock exchange,register prospectus with Companies Registry:s 38D. Issue application forms and prospectuses Open and close subscription lists Allot and issue the shares.Typical process for public issues • Must be public company: see s 29. - Private co converting to public: see s 30 . • Appoint sponsor . • Sponsor to engage in due diligence and drafting of the prospectus . • Apply for listing on stock exchange; submit prospectus (listing • document) to stock exchange for review: see LR Ch 9 . • At the same time, lead underwriter (usually the brokerage arm of the sponsor) will begin process of syndication (obtaining other underwriters ) . • Following approval by the stock exchange, register prospectus with Companies Registry: s 38D . • Issue application forms and prospectuses . • Open and close subscription lists . • Allot and issue the shares