Over the years, many private companies are going public and this is becoming a trend. More and more companies are listed on stock markets. Every year, new initial public offerings (IPOs) can be found on Bursa Malaysia and in markets in other countries around the world, such as the NYSE. Recently, OldTown Berhad became a publicly listed company and trades its shares on the main board of Bursa Malaysia on 13 July 2011 (Bursa Malaysia, 2011). It was founded in 1999 as a limited liability company and is the operator of the "OLDTOWN WHITE COFFEE" chain outlets. OldTown Berhad conversion becomes a publicly traded company because they want to raise funds from the public to expand the business. The same thing happened to other companies such as Gas Malaysia and Peterlabs Holdings Berhad (Bursa Malaysia, 2011). In addition to listing on the stock exchange, there are several methods to obtain the fund, such as loans from banks, issuing bonds and bonds. Therefore, there are reasons why companies go public. There is a saying, "no pain, no gain", it is suitable to describe companies in evaluating the advantages and disadvantages of going public with the other methods because they are indispensable. There are numerous advantages to listing as a public company, the most significant one being the opening of a broader and more comprehensive channel for raising funds. The fund could be raised through investment activities by individual shareholders or institutional investors. (New Straits Times, Business Times, 2010). The OldTown Berhad IPO totaled RM79.2 million for the Group, of which RM38.1 million would be allocated for capital expenditure, which included new industrial buildings, machinery, facilities and capital for opening new bar outlets, while RM19.7 million. .....middle of paper ......private and commercial businesses. Retrieved October 11, 2011, from http://www.edegan.com/pdfs/Mortal%20Reisel%20(2009)%20-%20The%20Real%20Benefits%20Of%20Being%20Public%20Evidence%20From%20Public%20And %20Private%20Firms.pdfRamirez, S. (n.d.). Main acts of the Congress. Retrieved October 7, 2011, from eNotes: http://www.enotes.comThe New Straits Times Press (Malaysia), (2010) Benefits and Risks of Going Public, Business Times, Retrieved October 11, 2011, from http:// www .btimes.com.my/Current_News/BTIMES/articles/wkn05/wkn05.pdfUnited States Securities and Exchange Commission (SEC), S. a. (2010, January 29). The laws governing the securities industry. Retrieved October 7, 2011, from the United States Securities and Exchange Commission: http://www.sec.govWreford, T. (n.d.). Stock Trading: Advantages and Disadvantages. Retrieved October 7, 2011, from Zeromillion.com: http://www.zeromillion.com