Taipei Stock Exchange held a Taiwan Capital Market briefing in Silicon Valley on October 16th to attract American businesses, especially overseas Taiwanese investors, to list on the Taiwanese exchange.
Since 2014, the Taiwan Stock Exchange has been encouraging overseas Taiwanese businesses to list back in Taiwan. Apart from the period of the COVID-19 pandemic, they organize briefing sessions in the United States each year. The recent event titled “Tapping the Capital Market in Taiwan” was co-hosted by the Taiwan Stock Exchange, PwC Taiwan, and CTBC Securities.
The briefing focused on the advantages of the Taiwan capital market, the successful re-listing experience of AMAX-KY (Amax Technology), and topics like US tax planning. Over 70 American local business representatives and capital market intermediaries participated in the event.
Deputy Representative Zhu Yongchang and the Economic Division Chief Chen Ailan from the Taipei Economic and Cultural Office in San Francisco attended the briefing. Zhu Yongchang mentioned in his speech that Silicon Valley has many strong Taiwanese businesses and listing in Taiwan could not only attract capital inflows but also provide more quality investment opportunities for Taiwanese investors, enhancing a win-win situation and strengthening ties between Taiwan and the US.
Deputy General Manager Tu Huijuan of the Taiwan Stock Exchange advised companies to seize the opportunity to list back in Taiwan. She highlighted that nine American companies have successfully listed in Taiwan with outstanding performance. The Taiwan Stock Exchange ranks among the top globally in market cap, trading volume, and turnover rate, listing can significantly enhance a company’s visibility, assist in transformation, succession, sustainable operation, effectively raise long-term stable funds, and promote development. Listing offers advantages such as transparent information and solid systems, enhancing the ability to deal with risks.
AMAX-KY successfully re-listed from the US to Taiwan last year with a current market value of about $500-600 million.
The company provides high-performance, customized AI servers for organizations like Microsoft AI Lab. Jay Ni, Vice Chairman of AMAX-KY, shared the company’s re-listing experience by praising the friendly listing environment in Taiwan, describing it as “value for money.” He recommended entrepreneurs at the event to prepare well for listing, emphasizing the importance of accounting systems.
Furthermore, the Operating Director of PwC Taiwan, Hsu Sheng-Chung, and the Deputy General Manager of CTBC Securities, Tseng Pei-Chi, also delivered speeches during the event.
Prominent entrepreneur Hu Limin in the Bay Area attended the event and mentioned that the listing threshold in Taiwan is lower. Taking the example of BizLink, a leading connector and wire harness manufacturer which supplies parts for Tesla electric cars, struggled to list in the US but eventually chose to list in Taiwan and succeeded in growth.