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. They raised NT$2.75 billion, 35.7 percent less than the same period last year, Ernst & Young said. Several Ernst & Young clients have postponed their IPOs to solve more pressing issues related to production, such as rising costs owing to US tariffs, she said. The consulting firm also warned about the potential depreciation of Asian currencies against the US dollar if the trade dispute drags on. On the bright side, currency devaluation could accelerate the return of Taiwanese companies investing in the nation, propelling promising firms to launch IPOs, Ernst & Young said.

Source: Taipei Times June 25, 2019 15:56 UTC