Sanaa:MyDCD Bhd has signed an underwriting agreement with TA Securities Holdings Bhd as part of its plans to list on the ACE Market of Bursa Malaysia Securities Bhd.

According to BERNAMA News Agency, TA Securities will serve multiple roles in the initial public offering (IPO) process, acting as the principal adviser, sponsor, underwriter, and placement agent. The IPO will include a public issue of 335 million new ordinary shares. Out of these, 89.7 million shares will be offered to the Malaysian public through balloting and underwritten by TA Securities.

Additionally, 36 million shares will be allocated to eligible directors, employees, and contributors to MyDCD and its subsidiary's success. Another 50.71 million shares will be available to selected investors via private placement. The remaining 158.59 million new shares are designated for selected bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).

The IPO will also feature an offer for sale of 145 million existing shares, which includes 79.34 million shares to selected investors and 65.66 million shares to bumiputera investors approved by MITI, both through private placement.

Chief Executive Officer Chris Ow Yong stated that the IPO would equip the company with the necessary resources to enhance its project and engineering capabilities, expand its workforce, and improve operational infrastructure. This move aligns with MyDCD's strategy to strengthen its role in the data centre ecosystem and solidify its reputation as a reliable partner in Malaysia's data centre industry.

MyDCD is anticipated to be listed on the ACE Market in the fourth quarter of 2026.