TAIPEI–(BUSINESS WIRE)– De Taipei Exchange, TPEx, lanceerde op 20 juli 2021 Pioneer Stock Board (PSB), dat op 26 juli zijn eerste bedrijf verwelkomde. Pioneer Stock Board markeert de evolutie van de aandelenmarkt naar een innovatievriendelijke ecosysteem. Het is bedoeld om de toegang tot de kapitaalmarkten voor meer innovatieve ondernemingen te vergemakkelijken.

Tijdens de PSB-lanceringsceremonie hield premier Su Tseng-chang de openingstoespraak, waarbij hij de steun van de regering benadrukte. Su zei: “De kapitaalmarkt van Taiwan is vandaag baanbrekend door dit bestuur op te richten. PSB zal innovatieve ondernemingen, een belangrijke motor van economische transformatie, ondersteunen door bedrijven snel toegang te geven tot kapitaal dat nodig is voor aanhoudende groei.” Dr. Tien-mu Huang, voorzitter van de Financial Supervisory Commission, merkte op: “Innovatie ondersteunt de duurzame ontwikkeling van de kapitaalmarkt. PSB zal een belangrijke rol spelen, niet alleen door innovatieve ondernemingen te promoten, maar ook door innovatie in de hele economie aan te wakkeren.” Minister van Nationale Ontwikkelingsraad, de heer Kung, Ming-hsin, merkte op: “PSB biedt innovatieve ondernemingen een nieuwe manier om toegang te krijgen tot kapitaal, naast overheidsfinanciering of subsidies. Het stelt meer investeerders in staat om in een vroeg stadium in contact te komen met innovatieve ondernemingen.”

Taipei Exchange Launches Pioneer Stock Board to Support Innovative Enterprises

TAIPEI–(BUSINESS WIRE)– The Taipei Exchange, TPEx, launched Pioneer Stock Board (PSB) on July 20, 2021, which welcomed its first company on July 26. Pioneer Stock Board marks the evolution of the stock market into an innovation-friendly ecosystem. It aims to facilitate entry to capital markets for more innovative enterprises.

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Taipei Exchange launches Pioneer Stock Board to support innovative enterprises (Photo: Business Wire)

At the PSB Launch Ceremony, Premier Su Tseng-chang delivered the opening speech, emphasizing the government’s support. Su said, “Taiwan’s capital market breaks new ground today, by establishing this board. PSB will support innovative enterprises, a key driver of economic transformation, by providing companies with quick access to capital needed for continued growth.” Dr. Tien-mu Huang, Chairperson of Financial Supervisory Commission, remarked, “Innovation underpins sustainable development of the capital market. PSB will play an important role, not only by promoting innovative enterprises but also by spurring momentum in innovation across the economy.” Minister of National Development Council, Mr. Kung, Ming-hsin, commented, “PSB provides innovative enterprises a new way to access capital, beyond government funding or subsidies. It enables more investors to engage at an early stage with innovative enterprises.”

Chairman of TPEx, Mr. Philip Chen, said, “Based on our 27-year experience developing TPEx’s multi-tier market, which includes the Main board, the Emerging Stock Board (ESB) and GISA, we set up PSB and view it as a pivotal milestone. PSB aims to meet the funding needs of enterprises in strategic and innovative industries. With the addition of PSB, our market structure is even more holistic, supporting sustainable development of enterprises. PSB will serve as a strong foundation for growth in the capital market and our economy.”

According to TPEx, PSB targets six core strategic and innovative industries. These include digital and information technology, cybersecurity, bio-technology, green and renewable energy, national defense, and industries supporting critical supply chains. With the support of early-stage, pre-profit businesses, PSB sets no requirements for date of incorporation, amount of paid-in capital, market capitalization or profitability. PSB adopts a simplified public issuing and documentation review to shorten the application process.

“Liquidity is one of the most important factors for private enterprises when they consider going public. Therefore, PSB adopts a continuous trading mechanism, equivalent to the Main Board. Recommending securities firms act as liquidity providers, helping to ensure liquidity and fair price discovery for the PSB shares,” added Chen.

As of July 15 2021, 787 companies were listed on TPEx Main Board and 268 companies were registered on ESB, with total market capitalization of approximately USD 230 billion. Various sectors are represented, including high-technology, semi-conductor, bio-tech, smart manufacturing, consumer, and creative industries etc.

About the Taipei Exchange

Established in 1994, TPEx is a member of the World Federation of Exchanges. It has grown with a vision of sustainability to meet the diverse needs of issuers and investors, and has long been dedicated to fostering emerging and high-tech industries by providing viable channels for raising capital.

For more information, visit: https://www.tpex.org.tw/web/index.php?l=en-us

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Contacts

Karen Chen: yichun@tpex.org.tw
Iris Yang: irisyang@tpex.org.tw