ACCESS GROWTH CAPITAL THROUGH THE PUBLIC MARKETS
TSX and TSX Venture Exchange list leading public Life Sciences companies from Canada and around the world.
Omar Khafagy
Toronto Stock Exchange and TSX Venture Exchange
TSX Ignite
A video series highlighting four considerations for going public.
KEY BENEFITS FOR LIFE SCIENCES COMPANIES
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1
Access To Capital And Future Financing Opportunities
Going public can provide your company with financing opportunities to grow your business while expanding and diversifying your investor base by giving you access to pools of capital in Canada, the U.S. and globally.
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2
Facilitate Growth
As a public company, your shares can be used as a currency substitute to acquire target companies, instead of a direct cash offering.
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3
Increase Visibility And Prestige
Going public enhances your company’s visibility which 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. This can serve to ensure stronger employee commitment to your company’s performance and success.
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
Life Sciences Statistics
7
$9B
536
All data as of December 31, 2024.
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
