The company plans to sell up to 2.19 billion shares and list on the Bursa Malaysia stock exchange by June, according to Felda's draft prospectus on the website of Malaysia's Securities Commission.

WSJ: Malaysia's Felda Seeks to Raise $3 Billion in IPO

At its launch on July 26, Malaysia Street founding partner Yeoh Keat Seng said he believes individual investors will become a formidable force on the Kuala Lumpur Stock Exchange with the power to move stocks, once they have access to top-grade advice at low cost thanks to the Internet.

CNN: From Our Correspondent: Malaysian Stock Tips Go Online