The ACE Market is one of Bursa Malaysia’s listing boards, designed for emerging companies with growth potential, alongside the exchange’s larger Main Market. Where the Main Market requires a demonstrated profit track record for listing, the ACE Market operates on a sponsor-driven, disclosure-based framework that’s more accessible to smaller and younger companies, including some that haven’t yet reached profitability. This makes the ACE Market a common route for IPOs of earlier-stage businesses. As a category, ACE Market stocks tend to carry more risk than Main Market names — smaller size, shorter operating history, and sometimes thinner trading liquidity — which makes fundamental screening on debt, cash flow, and profitability especially important before investing in companies listed there.