Year TCBS Team Track Records
2008
    • Responding to the Executive Yuan's adoption of the "Promoting overseas companies to come to Taiwan for listing” ，listing advisory foreign companies market share ranked 1st.
2011
    • First prize of ”Excellent In Emerging Stock Market Trading” and first prize of ”Excellent Recommending Securities For Emerging Stock Market” by TPEx.
    • Second prize of “Apply For Listing for Domestic Enterprises” 、first prize of “ Apply for Listing for Foreign Enterprise” 、”Market Innovation Award” 、”Most Market Value Created for Foreign Enterprise Listing” by TSEC.
2013
    • Third prize of "Best Offer of Newly Schemes of Recommending Securities” by TPEx.
2014
    • "Best Offer Recommending Securities” by TPEx.
    • KY-ZDT ECB, the first dual-listing on TPEx. and Singapore Exchange, raising fund of US $300 million.
Client
    • Foreign IPO：KY-Mstar、KY-TAINAN CAYMAN、KY-Chailease、KY-On-Bright、KY-Kee Song、KY-ZDT、KY-Da Hui、KY-Eson、KY-RC、KY-Eurocharm、KY-Daito ME, etc.
    • Domestic IPO：INX、TWM、Danen、REC、CIAS、AN-SHIN、TTFB、YFO、COXOC、SDTI、SYNCMOLD、Senao、TABC、Savior, etc.
    • TSEC IPO review cases：TSMC、CUB、GTG、LEALEA、FSP…more than hundreds cases.

IPO Services

Guidance、Filing、Underwriting

1

Guidance

(1~2 years)
Lead
  • IPO process planning
  • Check the unsuitability for listing
  • Plan for equity structure
  • Fund raising
  • Establish the internal control system
  • Other consultant service
Guidance
Assistant
2

Listing on emerging stock market

(6 months)
Lead
  • Apply for public issuance
  • Apply for listing on emerging stock market
  • Lead securities underwriter
  • Subscription at least 500,000 shares
Guidance
Assistant
  • Serve as assistant securities underwriter
  • Subscription at least 100,000 shares
3

Authority review

(2~3 months)
Lead
  • Deliver the evaluation report
  • Assist in compiling a prospectus
  • Assist the company to communicate with the authorities
Filing
Assistant
4

Listing on TWSE/OTC

(2~3 months)
Lead
  • Serve as a lead securities underwriter
  • Apply for listing
  • Negotiate the stock price and public subscription
  • Assist to hold inverstors conference
Underwriting
Assistant
  • Serve as assist securities underwriter
  • Arrange public subscription

SPO Service

 

TSEC/OTC listed company

Fung raising needs

(Operating/Plant building...)

Choose the best way

Procedure Cost of capital Application process Selectivity
Bank financing Simple Fixed interest rate Short Less,debt increases.
Equity commodity products for capital market Complex, must be conducted by underwriter and examined by authority. Underwriting expenses at least 5 million,plus capital costs determined by capital market. 2 to 3 months for application and examination. Diversified options,the company can choose to increase capital or issue CB.
Straight corporate bond Simple Coupon rate、underwriting fee and bank guarantee rate Relatively short Less,debt increases.

Financial Advisory Service

 

Structural planning and evaluation analysis

  • Propose the key points of shares releasing, such as investment structure, shareholding structure,related tax or legal issues that may arise from transactions, and propose suggestions and plans.
  • Analyze the impact for major shareholders on the trading structure.
  • Assist in evaluating and screening suitable investors.

Transaction value analysis

  • Conduct due diligence for fund shares releasing project，coordinate with CPAs and lawyers.
  • Evaluate the case with other external Fas and discuss the DD result.
  • Assist the company to discuss the transaction evaluation with inverstors.

Negotiate and sign with investors

  • Assistant the company and investors to agree on the main terms of cooperation and sign a Letter of Intent
  • Assist the company to discuss the detail term sheet with the investors.
  • Assist the company to sign the contract with the investors and complete the transaction.

Investment planning and execution

  • Plan the investment structure and recommend the procedures.
  • Reivew investors' information、Letter of Intent and Definitve Agreement.
  • Integrate with other external professionals.

Underwriting Department Contact

IPO/SPO
Name Calson Huang
Title Head of Department
Tel (02)2396-9955
Email calson.huang@tcbs.com.tw
Underwriting
Name Calson Huang
Title Senior Manager
Tel (04)2226-8588 #3188
Email calson.huang@tcbs.com.tw