Professional Documents
Culture Documents
ch02 en Ibm
ch02 en Ibm
ch02 en Ibm
Chapter Outline
❑ 2.1 Role and Function of Underwriters
❑ 2.2 Underwriting Business and Underwriting Methods
❑ 2.3 Underwriting Procedures
❑ 2.4 Conclusion: Future trends in underwriting
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1
ic Increase
years
Company Size Paid-in capital or net worth of $600 million Paid-in capital or net worth of $300 million or
or market capitalization of $1.6 billion market capitalization of $800 million
� Type 1: General Conditions of The net value of the most recent financial
Profitability report certified by an accountant is not less
� Net income before tax for the last than 2/3 of the share capital, and there must
Profitabil three fiscal years totaled 2.5 percent. be sufficient working capital for 12 months
ity and Net income before income tax of after listing.
others $120 million or more for the most
recent fiscal year with no
accumulated losses.
� Type II: Those with a market
Source: 2020 First Listing Brochure for Foreign Companies, Taiwan Stock Exchange.
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1
Issuer Apply to
the China
Snail Service
Bank with an
application
form
12
or
Source: TEJ Taiwan Economic Newswire database and compiled by the author of this book.
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1
Huangshintai
16 letters or
more Not subject to]
the ability of
The former benefit of Kritsky's new station, the the general
former benefit of Zeus. public
In addition to the NT$2.5 to NT$400 apartments and above, the recent report on
the floating of the NT$2.5 to NT$400 apartments is also a good example.
and the proportion of the share capital of such shareholders in the capital of
such shareholders for the last five years shall not be less than the proportion of
the share capital of such shareholders. not less than the share capital
The following benefits have been realized by the end of the year. 2/,3 and must be demonstrated to have sufficient
Kui NT$ L2 stiff recently In the
past few years, Huangshi has contributed 4% of
the total amount of the listed company's shares
to the market, and the company's share of the
listed company's shares has been reduced by 4%.
4% of the total amount of the
shares of the Company, and the Company's share
in the total amount of the shares
of the Company.
擅。2.最近2年度均 燕面 或每股面
逵 3% 或卒均湮 非 新台俘…元的
3%,且最近l年度 外圃噩行人,其滓
年度焉佳 Not less than the
capital plus
The Ten Dongs of
Benjamin
Tan_The
Harmonizatio
n of Bad News
and the Three
Points of the
Divided City
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1
2 Halt Industry H
Chinese Invitation
"I've got to get
Application Potato
the
office."
= Exchange Centralized
Zhaoxing Bank I12
first (of two)
Individual
Terms and
Conditions Sell 2 sharecroppers
Date of Listng business day
Listing Date
Table 2.5 Comparison of Underwriting
Methods
957-511-959-1
9 10 13 days 14 Axiomaticremaininpartofheg
days
plicatonfrhe eyeballallocation
for
sale
float rigid release
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1
Innovative Version
❑ https://www.twse.com.tw/TIB/zh/requirement.html
Modern Investment Banking(六版) 謝劍平 著 ISBN 978-
957-511-959-1