In the underwriting of an initial listing on a stock exchange or an OTC market using previously issued shares, where said shares are allocated through public subscription, after subscription, payment of bid deposits, and lottery winner notification have been completed as prescribed by Article 53 paragraph 1, the securities firms and relevant departments shall undertake the following work within the following times regarding listing on a stock exchange or an OTC market:
If a date set forth in the preceding paragraph falls on a weekend, regular holiday, or bank holiday, it shall be postponed by one day, and the dates that follow shall be moved forward accordingly.
- Day Seven: Deadline for placement with specific party;
- Day Eight:
- Underwriter carries out underwriting on standby commitment basis.
- Company applying for listing on a stock exchange or an OTC market applies with the TWSE or the TPEx for listing on a stock exchange or an OTC market;
- Day Nine:
- Complete compilation of shareholders' register;
- Company applying for listing on a stock exchange or an OTC market transfers share payment certificates to the TDCC.
- Day Ten: Listing of shares on a stock exchange or an OTC market is publicly announced.
- Day Eleven;
- Securities electronically transferred from the TDCC to the subscriber's central depository account;
- Shares listed on a stock exchange or an OTC market.
The dates specified under paragraph 1 may be changed if necessary by applying for approval with the Taiwan Securities Association.