Taiwan’s IPO activity to rebound next year: EYECONOMIC RECOVERY: The number of IPO deals could reach 50 next year, from 10 this year, as 18 firms have already filed applications, Ernst & Young Taiwan saidBy Crystal Hsu / Staff reporterThe nation’s initial public offering (IPO) activity is set to rebound next year after taking a hit from the COVID-19 pandemic this year, with technology and biotech companies expected to dominate the market, consulting firm Ernst & Young (EY) Taiwan said yesterday. As of yesterday, there had been 10 IPOs in the nation that raised a total of NT$6.74 billion (US$236.3 million) this year, Ernst & Young Taiwan assurance head Lin Tu (涂嘉玲) told a media briefing. A woman walks past an electronic display showing share prices at a brokerage firm in Taipei on March 20. The number of IPOs could reach 50 next year, as 18 firms have already filed applications and could win listing approval next quarter, Tu said. Positive vaccine results would speed up the global economic recovery and boost IPO activity, Tu said.

Source: Taipei Times December 21, 2020 15:56 UTC