Taiwan expects spike in IPO applications

Taiwan Stock Exchange CEO Lin estimates that initial public offering applications will reach 40 this year, the most since 2013, with firms from the electric vehicle, cloud computing and biotech sectors leading the rise. — Bloomberg

TAIPEI: Taiwan’s stock exchange is expecting applications for new share listings to increase by more than 50% this year as it seeks to diversify from its reliance on the technology sector.

Sherman Lin, chairman and chief executive officer of the Taiwan Stock Exchange, estimates that initial public offering applications will reach 40 this year, the most since 2013, with firms from the electric vehicle, cloud computing and biotech sectors leading the rise.