Taiwan’s TCC Is Said to Favor London for IPO of European Unit

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessTaiwan's TCC Is Said to Favor London for IPO of European UnitTaiwanese conglomerate TCC Group Holdings Co. is leaning toward listing its European operations in London, according to people familiar with the matter, the latest overseas group to be drawn to the UK capital market.Author of the article:Pablo Mayo Cerqueiro and Swetha Gopinath You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Taiwanese conglomerate TCC Group Holdings Co. is leaning toward listing its European operations in London, according to people familiar with the matter, the latest overseas group to be drawn to the UK capital market.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountTCC, formerly known as Taiwan Cement Corp., said earlier this year that it was working with advisers to explore a possible European listing in Amsterdam, Frankfurt, London or Paris. London has since emerged as the preferred venue for the potential initial public offering, the people said, who asked not to be identified because the deliberations are private.Founded in 1946, TCC has expanded beyond cement into areas like renewable energy and electric vehicle charging. The group, which has a market value of about NT$177 billion ($5.5 billion), generates about 44% of its revenue in Europe.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe listing is expected to consist of an IPO of its European operations, the people added. No final decisions have been made, they said.A representative for TCC said it is “evaluating the feasibility of an IPO of its European business in one of the recognised exchanges in Europe.”“The LSE continues to be evaluated as one of the possible listing venues,” they added. “Final determination of listing venue remains subject to decision of the TCC board.”Other overseas companies have been eyeing London for listings. Dangote Cement Plc is considering an additional listing on the LSE, while US-based cybersecurity firm AlgoSec Inc. is eyeing a potential UK IPO. Uzbek national investment fund UzNIF listed in London earlier this year in an IPO that raised $674 million.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.