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Article 22-2
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The lead underwriter for an initial listing on a stock exchange or over-the-counter market, or for an initial offering of Taiwan Depositary Receipts, may establish a pre-marketing mechanism as part of its book building process, whereby prior to the official start of book building it shall first seek to determine the demand of key organizations and qualified institutional investors in terms of prices and volumes. A record of information gathered during the pre-marketing period shall be retained in written form for one year, and on electronic media for three years, for reference purposes.
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