ACCESS GROWTH CAPITAL THROUGH THE PUBLIC MARKETS
Toronto Stock Exchange and TSX Venture Exchange are unique growth platforms for U.S. high growth companies. Companies creating their long-term funding strategy should consider all options including traditional venture capital, private equity … and the public markets.
DANI LIPKIN
DELILAH PANIO
Pacific North West U.S., California, Arizona & Austin
ERIK ANDERSEN
Texas and Southern U.S.
KEY BENEFITS FOR U.S. COMPANIES
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1
Access to Capital
Going public can provide your company with financing opportunities to grow your business via expansion of operations, hiring or acquisitions.
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2
Long-Term Growth
As a public company, your shares can be used as a currency substitute to acquire target companies, instead of a direct cash offering. Using shares for an acquisition can be a tax-efficient and cost-effective vehicle to finance such a transaction.
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3
Increase Visibility And Prestige
Going public enhances your company’s visibility. Greater public awareness gained through media coverage, publicly filed documents and coverage of your shares by sector investment analysts can provide your company with a higher profile and greater credibility.
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4
Provide Liquidity For Shareholders
Becoming a public company establishes a market for your company’s shares, providing your investors with an efficient and regulated vehicle in which to trade their shares.
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5
Create Employee Incentive Mechanisms
Your employees can participate in the ownership of your company and benefit from being shareholders. Share ownership can have an immediate and tangible value to employees, and can be used as a recruitment incentive.
$6.3B
68
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All data as of December 31, 2023 unless otherwise noted.
Market Intelligence Report (MiG)
Provides year-to-date data on listings, financings and trading activity across Toronto Stock Exchange and TSX Venture Exchange, broken down by sector and region.
GET OUR MIG REPORTCONVERSATIONS WITH U.S. COMPANIES LISTED ON TSX OR TSXV
A collection of videos focused on insights for accessing growth capital through the public markets with industry experts.
WHY GO PUBLIC?
CAPITAL SOLUTIONS
For early-stage companies looking to gain access to public venture capital - or larger, established companies looking to take their business to the next level, going public may be the right fit for your company. Our two-tiered market offers financing and liquidity solutions that can be as unique as the businesses it serves.
GO PUBLIC - WAYS TO GET LISTED
There are multiple pathways to listing on TSX and TSXV.
Capital Pool Company® Program
The public markets can offer a number of benefits to a company. The most important benefits are access to capital and the ability to use your share capital to complete acquisitions. It can also provide liquidity to investors and help a company to compete for talent.
IPO
An initial public offering (IPO) is the traditional method of obtaining a listing on a stock exchange. First a prospectus is filed with the securities commission, followed by an application for a public listing. The prospectus provides potential investors with detailed information they need to make informed investment decisions.
Direct Listing
A company already listed on another exchange may list directly on TSX or TSXV if they are able to meet our listing standards. In addition, these issuers may be eligible for certain exemptions from our regulatory and reporting requirements if they are listed on an exchange recognized by TSX and with similar listing requirements.
Reverse Take-Over
A reverse take-over is also known as a "back door listing" or "reverse merger" of a company already listed on TSX or TSXV. This listing can be done in a number of ways, including an amalgamation or issuance of shares in exchange for other shares or assets of the issuer.
SPAC
The Special Purpose Acquisition Corporation (SPAC) program offers an alternative vehicle for listing on TSX. This is an investment vehicle allowing the public to invest in companies or industry sectors normally sought by private equity firms. In addition, it can provide an opportunity for individuals unable to buy into hedge or private equity funds the ability to participate in the acquisition of private operating companies traditionally targeted by those funds.
TSX and TSXV Listed company initiatives
TSX30
TSX30™ is a ranking of the top 30 performers on Toronto Stock Exchange over a three-year period. As our flagship program, it offers unique insight into important market trends, and shines a light on compelling companies driving progress across industries and around the world.
TSX VENTURE 50®
The TSX Venture 50 is a ranking of the top ten performers on TSX Venture Exchange over the last year, comprising of 10 companies from five industry sectors.
This annual program showcases the top performing listed companies from five industry sectors, including: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Selection is based on 3 equally weighted criteria: share price appreciation, trading volume, and market capitalization growth.
WHAT INDUSTRY EXPERTS ARE SAYING
