The number of initial public offerings (IPO) would rise modestly this year, as the capital market improves in the second half of the year, despite current concerns over global inflation and monetary tightening, Deloitte & Touche Taiwan said on Tuesday.
The number of IPOs on the Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEX) might reach 50 this year, from 47 last year, led by semiconductor, renewable energy and biotechnology firms, Deloitte & Touche Taiwan CEO Jason Ke (柯志賢) said.
Concerns over inflation, monetary tightening, geopolitical conflicts and carbon emission reductions would remain after playing havoc on financial markets around the world last year, Ke said.
Photo: Tien Yu-hua, Taipei Times
The consultancy’s audit and assurance business leader Titan Lee (李東峰) said that ongoing inventory corrections would end next quarter, paving the way for a recovery in global demand for goods and services.
The US Federal Reserve is likely to slow its pace of monetary tightening or hold steady in coming policy meetings, as inflation-related readings show signs of mitigation, Lee said.
The recent easing of COVID-19 restriction in China would lend support to exports in Taiwan, despite spiking virus infections for the time being, Lee said, adding that Beijing would introduce measures to stimulate the economy after the pandemic stabilizes.
The emerging stock board last year saw 63 new participants intent on listing on the TWSE or TPEX, Lee said.
Stock exchange officials and consultancy firms have said they would resume in-person road shows this year to help boost local capital markets.
Market volatility has not dampened IPO interest on the part of fintech companies seeking to grow and roll out innovative solutions for clients, Deloitte & Touche Taiwan start-up service group leader Connie Chen (陳薔旬) said.
Huawei Technologies Co’s (華為) latest smartphones carry a version of the advanced made-in-China processor it revealed last year, results from an independent analysis showed. This underscored the Chinese company’s ability to sustain production of the controversial chip. The Pura 70 series unveiled last week sports the Kirin 9010 processor, research firm TechInsights found during a teardown of the device. This is a newer version of the Kirin 9000s, made by Semiconductor Manufacturing International Corp (SMIC, 中芯) for the Mate 60 Pro, which had alarmed officials in Washington who thought a 7-nanometer chip was beyond China’s capabilities. Huawei has enjoyed a resurgence since
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
GROWTH DRIVERS: The firm expects to benefit from generative AI applications for smartphones, higher average selling price of flagship chips and market share gains Smartphone chip designer MediaTek Inc (聯發科) yesterday said it estimates that revenue would expand at an annual rate of about 15 percent this year, as a proliferation of generative artificial intelligence (AI) applications for premium smartphones are fueling demand for its flagship smartphone chips. It expects its smartphone chip revenue to outgrow the company’s average growth rate this year, benefiting primarily from the higher average selling price of its flagship smartphone chips and market share gains. The flagship chip revenue is to soar 50 percent year-on-year this year, MediaTek told an investor conference yesterday. As a whole, this year’s gross margin is