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Taiwan Nasdaq Reverse Takeover

Nasdaq listing for Taiwan companies.

The senior US venue for growth companies. A reverse takeover reaches Nasdaq either by merging into a Nasdaq-listed shell or by uplisting from the OTC Markets once the initial listing standards are met.

For a private company in Taiwan, the Nasdaq Stock Market can be reached through a reverse takeover — the merger of the operating business into a shell company — provided the applicable listing standards are met.

Key takeaways
  • A Taiwan company can reach the Nasdaq Stock Market by merging into a listed shell, or by uplisting to it from a lower tier once the standards are met.
  • Nasdaq operates three tiers — the Capital Market, the Global Market, and the Global Select Market — each with quantitative thresholds for equity or market value, public float, shareholders, and a minimum US$4.00 bid price, plus corporate-governance requirements.
  • US-standard audited financials from a PCAOB-registered auditor are required, and are usually the critical-path item.
  • Reverse Takeover arranges and coordinates the transaction; the regulated work is done by licensed specialists.

The route in brief

VenueNasdaq — the Nasdaq Stock Market
RouteReverse takeover into a listed shell, or uplisting from a lower tier once standards are met.
StandardsNasdaq operates three tiers — the Capital Market, the Global Market, and the Global Select Market — each with quantitative thresholds for equity or market value, public float, shareholders, and a minimum US$4.00 bid price, plus corporate-governance requirements.
Home marketTaiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx) · regulator FSC
CurrencyNew Taiwan dollar (TWD)
Our roleAdvisory and arranger; not a broker-dealer, law firm or auditor.

Nasdaq for Taiwan companies

Nasdaq is a natural fit for Taiwanese semiconductor, fabless and technology-services companies seeking investors who price chip and hardware economics. A reverse takeover reaches it by merging into a Nasdaq shell or uplisting from the OTC once standards such as the US$4.00 minimum bid and float thresholds are met.

Structuring a reverse takeover from Taiwan

An early structuring question for a Taiwanese group is the offshore holding company — commonly a Cayman Islands or similar vehicle — through which the US listing is effected. Just as important are Taiwan's outbound-investment and foreign-exchange rules: cross-border capital movements and offshore investments can require notification to or approval from the relevant authorities, and the Financial Supervisory Commission (FSC) oversees the securities environment. The sequencing of the share-for-share exchange, the funding of the offshore parent, and any approvals should be planned so they align with the reverse-takeover timetable rather than interrupt it. These rules are detailed and subject to change; a company should treat the above as orientation and confirm the specifics with qualified Taiwanese and US counsel.

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Nasdaq listing for Taiwan companies — FAQ

Q1Can a Taiwan company list on Nasdaq via reverse takeover?

A Taiwan company can reach the Nasdaq Stock Market by merging into a shell already listed there, or by uplisting once it meets the applicable standards. Nasdaq operates three tiers — the Capital Market, the Global Market, and the Global Select Market — each with quantitative thresholds for equity or market value, public float, shareholders, and a minimum US$4.00 bid price, plus corporate-governance requirements.

Q2What are the Nasdaq listing standards?

Nasdaq operates three tiers — the Capital Market, the Global Market, and the Global Select Market — each with quantitative thresholds for equity or market value, public float, shareholders, and a minimum US$4.00 bid price, plus corporate-governance requirements. Meeting these standards, and maintaining them, is assessed with US securities counsel as part of the transaction.

Q3Is Reverse Takeover a broker-dealer?

No. Reverse Takeover is an advisory and arranger, not a registered broker-dealer, law firm or auditor. Regulated activities are performed by licensed US securities counsel, PCAOB-registered auditors, transfer agents and broker-dealers coordinated on the transaction.

Other US venues for Taiwan companies

This page is general, educational information about listing routes and is not investment, legal, tax, or accounting advice, nor an offer or solicitation. Regulatory details change and vary by circumstance; obtain advice from qualified US securities counsel and your home-market advisers. See our disclosures.