2013-08-05
Crowdfunding on the Road for Small Businesses
GreTai Securities Market (GTSM) is planning to provide a crowdfunding mechanism by the end of 2013. “Crowdfunding” is the funding of a company (usually small one) by selling small amounts of equity interests to many individual investors.
An enterprise with capital of no more than NTD 50,000,000 may apply to GTSM for “listing” on a new alternative market called “Start-up Board” for 2 to 3 years. Individual as well as institutional investors may trade shares in such listed companies. After that period, the company should apply for listing on Emerging Market or GTSM Main Board. A company listed on the Start-up Board is not subject to public offering requirements, which will apply to companies listed on the Emerging Market or GTSM Main Board.
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