PROGRESS: Companies involved in 5G deployment and artificial intelligence applications are evolving and should be ready for an IPO in the next two years, a PwC partner said

Taipei Times
Date:  Dec 31, 2019
By: Crystal Hsu  /  Staff reporter

Led by the technology sector, the nation’s initial public offering (IPO) market could stage a rebound next year, after hitting rock bottom this year because of US-China trade tensions, PricewaterhouseCoopers (PwC) Taiwan said yesterday.

The number of IPOs could rise to 50 next year, from a record low of 39 this year, as the US and China eye a trade deal and companies make adjustments to rein in uncertainties, PwC Taiwan assurance services partner Lin Yi-fan (林一帆) said at a media briefing in Taipei.

“Firms involved in 5G deployment and artificial intelligence applications have evolved to such an extent that they would be ready for an IPO in the next two years,” Lin said.

The target is reasonable, as the Taiwan Stock Exchange and the Taipei Exchange have each said that their goal is to host 24 IPOs next year, he said.    [FULL  STORY]