To accelerate the internationalization and capital raising of Taiwanese startups, KPMG Taiwan and SparkLabs Taiwan collaborated to host a seminar focused on the four major international capital markets: the U.S., Japan, Singapore, and Hong Kong. The event attracted over 100 entrepreneurs and executives, who gathered to discuss strategies and challenges for entering these markets effectively. Experts from various fields, including accounting, law, venture capital, and business management, were invited to provide multi-perspective insights into market entry strategies.
During the seminar, experts highlighted the unique characteristics of each target market. The U.S. market is favored for its flexibility in valuation and friendly policies toward pre-revenue companies, although listing costs and process management require careful planning. While Japan's listing process is complex, the use of Japanese Depositary Receipts (JDR) simplifies operations and helps startups expand opportunities. Singapore is regarded as a strategic hub for entering the Asia-Pacific market, offering unique advantages for market access—especially valuable for companies aiming to expand into other Asian regions.
Additionally, the experts emphasized the importance of balancing resources and time during the listing process, warning against the risks of inadequate preparation leading to failed IPOs. The discussion also covered the pros and cons of using Special Purpose Acquisition Companies (SPACs) for quick listings, noting that while SPACs can expedite the process, market volatility could affect valuations.
Lastly, KPMG's innovation and startup services team announced plans to share further insights at the Meet Taipei 2024 conference. They will delve into strategies for Taiwanese startups to leverage international capital markets for rapid growth, offering an invaluable platform for exchanging global perspectives and practical experiences.

Photo Credited: KPMG
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