字級縮小
字級縮小
字級放大
字級放大

Investment Banking

Investment banking is one of KGI Securities’ core competitive advantages and we own a fully experienced team of professionals. KGI sponsored more than 300 companies for listing either on the TWSE or TPEX to date.
 
In 2016, there were a total of 173 underwriting deals completed in Taiwan’s equity capital market, including 57 IPOs, 54 rights of offerings, 61 convertible bonds (CBs) and one preferred stock issuance, for a total underwriting amount of NT$78.6 billion, down from 228 deals and a total amount of NT$113.4 billion in 2015 due to the drop of CBs.

In 2016, KGI Securities was ranked No.1 in the market for the second straight year as it led a total of 29 equity deals, including IPOs, CBs, and SPOs, with an underwriting value of NT$17.8 billion. KGI Securities’ excellent performance placed it in the market spotlight for the year. The company was awarded “No. 3 in recommending TPEX- and Emerging Stock Market-listed companies” by TPEX, and four awards by the TWSE, such as “No. 1 in stock float”, “No. 1 in IPO deals”, “No. 2 in IPO market value”, and “No. 2 in average daily turnover” in 2016.

As for 2016 equity deals, KGI Securities launched eight IPOs and initiated 21 SPOs. As to the IPO deals, PEC, a biotech company, was not only the largest IPO deal in Taiwan in 2016, but also the first biotech company to raise funds via competitive auction. Besides PEC, KGI Securities launched Sinopower, Excelsior, CWTC, MJ and JYPKG successfully. As for SPOs, KGI Securities initiated many well-known companies, such as Ennoconn, WNC, QST, EPISIL, and Ronyam. Overall, KGI Securities was the No. 1 lead manager in Taiwan’s capital market in 2016 by both amount and number of deals, helping many firms raise funds in the capital market and securing its leadership position in the underwriting market.

KGI Securities also led the industry in financial advisory services in 2016, completing more than 10 M&As and strategic alliances. These deals included ASE’s second tender offer for SPIL, Fenghua’s acquisition of Viking, Synnex’s tender offer for Betstom Infotech, Ardentec’s tender offer for GS, and AP Memory’s tender offer for Zentel. Bloomberg statistics show that the number of advisory cases handled by KGI Securities in 2016 was significantly higher than that of global well-known investment banks in the Taiwan market, such as Morgan Stanley and Citigroup.

Going forward, KGI Securities’ underwriting and financial advisory business will continue to stay abreast of market trends and expand its market share. The company plans to capitalize on China Development Financial’s advantages in corporate finance, leasing and direct investment, in an effort to cultivate business relationships with enterprises on both sides of the Taiwan Strait and provide superior investment banking services to Chinese and Taiwanese clients worldwide.
 
 
 

Taiwan’s M&A Market Consulting Statistics

 
2016年排名 財務顧問 件數

1

凱基證券 KGI

5

2

Credit Suisse

3

3

元大證券 Yuanta

2

3

摩根士丹利 Morgan Stanley

2

3

安侯國際財務顧問(股)公司 KPMG

2

3

普華 PWC

2

7

JP Morgan

1

7

花旗集團 Citi

1

7

Goldman Sachs

1

Source: Bloomberg (01/01/2016~12/31/2016)