ACCESS GROWTH CAPITAL THROUGH THE PUBLIC MARKETS
Toronto Stock Exchange and TSX Venture Exchange are global leaders in the Energy sector, comprised of Oil & Gas, Energy Services, and Utilities & Pipeline companies.
DAVID M. CHELICH, MBA
ENERGY Updates
A collection of videos focused on insights for accessing growth capital through the public markets with industry experts.
KEY BENEFITS FOR ENERGY COMPANIES
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1
Access to Capital
From 2019 to 2023, $16 billion was raised by Energy companies listed on TSX and TSXV.
Some of the world’s largest asset managers and financial institutions, including Canadian institutional investors managing a cumulative $6 trillion dollars of assets, invest and trade in TSX and TSXV listed Energy companies.
58 equity financings were completed by Energy companies in 2023.
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2
Liquidity & Trading
In 2023, 26 billion Energy company shares were traded for a total dollar value of $723 billion.
Approximately 40% of TSX’s daily trading originates from investors outside of Canada. A significant part of that daily flow of trading comes from U.S.-based investors.
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3
Tailored Listing Criteria
Listing requirements are tailored to a company’s industry sector, stage of development, financial performance and operational resources. Our listing requirements better accommodate junior companies, including exploration stage Oil & Gas companies.
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4
Global Visibility
Listing on TSX and TSXV provides the opportunity to attract the attention of Energy sector research analysts.
An average of seven analysts cover TSX and TSXV Oil & Gas and Energy Services companies and an average of 14 analysts cover Utilities & Pipeline companies.
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5
Growth Support
TSXV-listed companies have the opportunity to graduate to TSX as they grow and mature. From 2000 to 2023, over 150 Oil & Gas companies graduated from TSXV to TSX.
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Experienced Exchange Staff
Relevant Oil & Gas business experience, including in-house geologists.
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
TSX VENTURE 50®
TSX Venture 50 is a ranking of the 50 top-performing companies on TSX Venture Exchange over the last year. Companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.
Meet the top performers at https://www.tsx.com/venture50
TSX30
TSX30 recognizes the 30 top-performing companies on Toronto Stock Exchange, ranked based on dividend-adjusted share price performance over a three-year period. As our flagship program, it offers unique insight into important market trends and shines a light on compelling companies that have exemplified excellence in growth.
Explore the list at https://www.tsx.com/tsx30
Energy Statistics
33
$16B
142B
All data as of December 31, 2023.
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 REPORTWHAT INDUSTRY EXPERTS ARE SAYING
More Info
Energy Listing Requirements
Listing Requirements for Oil and Gas (Exploration or Producing) Companies
