TPK IPO and listing on the Taiwan Stock Exchange | US$190m | ||
Synopsis TPK becomes only the second Cayman-incorporated company to list on the Taiwan Stock Exchange | |||
Firm | Client | Role | |
Maples and Calder | TPK Holding Co | Cayman Islands counsel | |
LCS & Partners | TPK Holding Co | Taiwanese counsel | |
Llinks | TPK Holdings Co | PRC counsel | |
Latu Ey & Clarke | TPK Holdings Co | Shanghai and Samoan counsel | |
Maples and Calder, LCS & Partners, Latu Ey & Clarke all played a role in advising on the US$190m Taiwan IPO of TPK Holding Company.
TPK, a high-tech company that designs and manufactures glass-based projected capacitive touch panels, is a major supplier for Apple's iPhone. The offering will make it only the second Cayman-incorporated company listed on the main board of the Taiwan Stock Exchange.
The first company to achieve this feat was Integrated Memory Logic (IML). The US-based tech company raised US$40m through its listing earlier this year. Maples and Calder advised both IML and TPK on Cayman law.
Although there have only been two issues so far, data released by the Taiwan Stock Exchange Corporation indicates that there are plenty more Cayman-incorporated issuers waiting in the wings. At the close of 1H 2010, more than 70 foreign companies had applied to list in Taiwan and over 75% of these are registered in the Cayman Islands.