Need to earn graduation to tsx GRADUATION
TO TSX
679graduates
from TSXV to TSX*
$202B
in market capitalization
of TSXV graduates
14%of TSX-
listed companies with
a market capitalization
greater than $1 billion
are TSXV graduates.
19%of the
S&P/TSX Composite
Index†
constituents are
graduates of TSXV
A Path To Greater Opportunity
Graduating to Toronto Stock Exchange (TSX) is a strategic opportunity for
a listed company to increase its profile, liquidity and access to capital.
Benefits Of Graduation
A listed company’s decision to graduate from TSX Venture Exchange
(TSXV) to TSX should be based on a careful consideration of its own
circumstances. Benefits of listing on TSX, include:
• Increased access to capital
• Enhanced reputation from meeting the minimum standards
of a senior stock exchange
• Greater visibility – TSXV graduates listed on TSX are covered by
an average of five analysts
• Access to institutional capital – Canada’s institutional market
is estimated at $5 trillion
• Enhanced liquidity on world markets – it is estimated that 40%
of all trading on TSX comes from outside of Canada
• Improved M&A opportunities
• A TSX listing is one of the requirements for inclusion in the
majority of indices, S&P/TSX composites and related
Exchange Traded Products.
Graduation Made Easy
Streamlined Process Personal Information Forms submitted and cleared by TSX Venture Exchange will not
need to be resubmitted
Reduced Listing Fees
Toronto Stock Exchange’s application fee is waived for TSX Venture issuers and credit
will be given for any TSX Venture transaction fees paid in the 90 days prior to the date on
which the issuer lists on TSX
Waiver Of Sponsorship Sponsorship requirements can be waived in most cases for qualified TSX Venture issuers
Exchange Support A pre-file meeting with Exchange staff to review process and timing
* From January 2000 to December 2019.
† “S&P” is a trademark owned by Standard & Poor's
Financial Services LLC, and "TSX" is a trademark
owned by TSX Inc.