RE:TSX Uplist TSX Listing Guides As a leading global exchange group, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) are well-positioned to deliver benefits to our listed companies. Technical Guide to Listing]A more detailed guide to listing on TSX and TSXV An introductory guide to the Canadian capital markets, including listing requirements, listing vehicles and sector profiles. Dual-Listing Guide A detailed guide for public companies looking to dual list in our marketplace. Movin´ On Up: The Costs And Benefits Of Graduating To The TSX One of the biggest decisions a board of directors will face during the life of a corporation is the decision to go public. The board will weigh the benefits, such as improved access to capital and added liquidity for existing shareholders, against the costs, such as dilution of control, the expense of an IPO, stringent continuous disclosure and accounting requirements and increased potential liability. One aspect of the decision to go public is determining which, if any, exchange to list on. For emerging companies coveting a listing in Canada, the decision to list on an exchange usually means listing on the TSX Venture Exchange (TSX-V) while established companies will generally list on the Toronto Stock Exchange (TSX).
Upon becoming a reporting issuer, a TSX-V listed company will incur the costs of complying with provincial securities laws and the rules of the exchange as well as the fees relating to obtaining and maintaining a listing. Therefore, the decision to "graduate" to the TSX would be based on the marginal costs and benefits of this incremental step. This article highlights some of the issues a TSX-V listed issuer might consider when deciding whether to graduate to the TSX.
2018 Guide to Listing An introductory guide to the Canadian capital markets, including listing requirements, listing vehicles and sector profiles.