Taiwan’s IPO funds drop more than 30% in 2016

Focus Taiwan
Date: 2017/01/07
By: Chiu Po-sheng and Frances Huang

Taipei, Jan. 7 (CNA) Funds raised from initial public offerings (IPOs) in Taiwan fell more than 30 percent

CNA file photo

annually in 2016, although the number of new listings on the local equity market rose slightly, according to PwC Taiwan.

In a report, the accounting firm said NT$25.5 billion (US$797 million) was raised by IPOs on the local main board and the over-the-counter (OTC) market in 2016, a 32 percent annual decline.

Meanwhile, the number of companies that listed their shares for the first time on the main board and the OTC market last year was 60, two more than in 2015, PwC Taiwan said.

It said the drop in the funds raised from IPOs in 2016 was due to the fact that the newly listed companies were small and medium-sized firms in the high-tech sector or in the cultural creative industry.    [FULL  STORY]

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