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Taiwan’s IPO activity to rebound next year: EY
ECONOMIC 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 said
By Crystal Hsu / Staff reporter
The 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.