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Article NO. Content

Title:

Supplementary Provisions to the Taiwan Stock Exchange Corporation Rules for Review of Securities Listings  CH

Amended Date: 2021.03.31 (Articles 1, 6-2, 17-1, 17-2, 22, 30, 31, 32 amended,English version coming soon)
Current English version amended on 2020.03.02 
Categories: Primary Market > Review
Article 6-2     The term "market value" as used in Articles 4 and 28-1 of the Rules refers to the value of the number of shares to be issued for listing as identified in the written application for listing, multiplied by the following stock price, whichever is lower:
  1. the offering price as mutually agreed with the securities underwriter; or
  2. for stocks registered as emerging stocks for over-the-counter trading, the average closing price on the 30th, 90th or 120th business day prior to the first day of listing, whichever is lower.
    In the case where a company whose stock is already listed and traded on the GreTai Securities Market applies for the listing or for the primary listing of its stock, the market value shall be the value of the number of shares to be issued for listing as identified in the written application for listing, multiplied by the average closing price on the 30th, 90th or 120th business day prior to the first day of listing or primary listing, whichever is lower.