Taipei Times
Date: Jun 26, 2019
By: Natasha Li  /  Staff reporter

Only six companies launched initial public offerings (IPOs) on the Taiwan Stock Exchange in the first half of the year, half as many as during the same period last year, international consulting firm Ernst & Young said at a media briefing in Taipei yesterday.

The six IPOs raised NT$8.7 billion (US$279.6 million), a 48.3 percent increase year-on-year, with Wiwynn Corp (緯穎), a subsidiary of Wistron Corp (緯創), raising NT$5.96 billion, Ernst & Young said.

Ernst & Young assurance head Lin Tu (涂嘉玲) said the increase in raised capital contrasted with the decrease in the number of companies could reflect the rising importance of “quality over quantity.”

Another 12 companies launched IPOs on the Taipei Exchange in the first half of the year, down from 16 companies in the same period last year. They raised NT$2.75 billion, 35.7 percent less than the same period last year, Ernst & Young said.    [FULL  STORY8]