Cayman listings grow in Taiwan IPO market


Demand is increasing for Cayman listing vehicles for initial public offerings (IPOs) on the Taiwan Stock Exchange (TWSE), according to law firm Ogier.

The number of foreign companies listed on TWSE has grown steadily and now accounts for approximately 8 percent of its listings, and it now has the third largest proportion of foreign listings among Asian markets, trailing only Hong Kong and Singapore.

Ogier has acted on 28 listings on the TWSE, representing around a third of all foreign listings.
In the past two years, it has acted as issuer's Cayman counsel on more than half of all Taiwan IPOs.

The firm also acted as Cayman Islands counsel to the underwriters on a large number of listings representing many of the leading underwriters in the market.

Nathan Powell, Ogier partner, said: “The Taiwan Stock Exchange has enjoyed considerable success in attracting overseas firms to raise capital in Taiwan over the past few years. We are pleased that Ogier has been able to play a key role in facilitating the opening up of the Stock Exchange through the use of Cayman listing vehicles, and we expect this trajectory to continue.

“Taiwan is an important market for Ogier in Asia and our significant market share demonstrates the expertise and service quality of our dedicated team of lawyers.”

Ogier, Listing vehicles, IPO, Taiwan Stock Exchange, Nathan Powell, Cayman Islands, Taiwan

Cayman Funds