ACCESS GROWTH CAPITAL THROUGH THE PUBLIC MARKETS
Toronto Stock Exchange and TSX Venture Exchange are unique growth platforms for international high growth companies.
Dani Lipkin
Toronto Stock Exchange and TSX Venture Exchange
Technology Sector Updates
A collection of videos focused on insights for accessing growth capital through the public markets with industry experts.
KEY BENEFITS FOR TECH 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. -
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. -
3
Increase Visibility And Prestige
Going public enhances your company’s visibility which can provide your company with a higher profile and greater credibility. -
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. -
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.
$14B
230+
$28B
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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
The TSX30 is a ranking of the top 30 performers on the Toronto Stock Exchange, over a three-year period based on dividend-adjusted share price appreciation.
As an annual flagship recognition program for TSX’s top performers to provide insights into the broad market trends that have been driving the best returns for investors, the TSX30 tells an important story; there is value in looking at the performance of small and mid-cap companies across TSX.
TSX VENTURE 50
The TSX Venture 50 is a ranking of the top ten performers on the 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.
The key benefit of this two-tiered market (TSX Venture and TSX) is the potential for early-stage growth companies to list on TSXV, grow and when ready, graduate to TSX. Nearly 36% of current TSX-listed technology companies started on TSXV.
Technology Statistics
$14B
230+
$214B
All data as of December 31.
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.
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WHAT INDUSTRY EXPERTS ARE SAYING
