TWSE HOPEFUL: With economic uncertainty in Taiwan expected to subside and growth to improve, the number of IPOs this year should rise, a TWSE executive said
Taipei Times
Date: Jan 04, 2020
By: Kao Shih-ching / Staff reporter
The number of initial public offerings (IPO) on the Taiwan Stock Exchange (TWSE) is expected to slightly rebound from 19 last year to 24 this year due to an improving local economy and technology firms seeking to raise capital from equity markets, the exchange said yesterday.
Last year’s IPO count fell 34 percent from 29 in 2018, missing a TWSE target of 28, as many companies delayed their debuts given uncertainty in the global and local economies, TWSE Chairman Hsu Jan-yau (許璋瑤) told a news conference in Taipei.
Many foreign bourses also reported declines in IPO activity due to companies’ conservative outlook, Hsu said.
The number of IPOs on the London Stock Exchange fell 42 percent to 63, while on the New York Stock Exchange, they halved to 28, he said. [FULL STORY]