Capital Markets & Governance

Taiwan Innovation Board Eases Requirements: NT$1 Billion Market Cap and a One-Year Transfer Period

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English translation of the Chinese post originally published 2022-09-21. Translated 2026-10-28 with AI assistance. Historical figures and claims have not been updated or independently verified. 中文原文

Reading guide

The Taiwan Innovation Board substantially relaxed its listing requirements: the first category’s minimum market capitalization fell from NT$1.5 billion to NT$1 billion, and its revenue requirement for the latest four quarters fell from NT$150 million to NT$100 million. The second, biomedical category’s market-cap threshold dropped from NT$3 billion to NT$2 billion; the third remained at NT$4 billion. The waiting period to apply for a board transfer shortened from two years after listing to one. A record of regulatory easing in Taiwan’s capital markets, as of September 2022.

Key points

  • First-category market cap: NT$1.5 billion → NT$1 billion; revenue: NT$150 million → NT$100 million.
  • Biomedical category: NT$3 billion → NT$2 billion.
  • Board-transfer waiting period: two years → one year.
  • Regulatory easing as of September 2022.
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Full text — English translation

A major easing for the Taiwan Innovation Board: its listing market-cap requirement drops to NT$1 billion, with a board transfer possible after just one year. The first category’s listing market-cap threshold will fall from NT$1.5 billion to NT$1 billion. Its current revenue requirement—at least NT$150 million in total across the latest four quarters’ financial statements—will become NT$100 million. The second, biomedical category’s minimum market cap will also fall, from NT$3 billion to NT$2 billion, while the third category’s threshold remains NT$4 billion. The waiting period to apply for a board transfer will shorten from two full years after the listing date to one.

These articles are personal notes, book excerpts, and collected reprints. Figures and events reflect the time of the original publication, are not current information, and do not constitute investment advice.

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