TSX Venture Exchange (TSXV)

 

Overview of Canadian Stock Exchanges

In Canada, there are presently three recognized stock exchanges. The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) are associated boards operated by the TMX Group Inc. The Canadian National Stock Exchange (CNSX) is a more recently established independent stock exchange.

Hallasan Venture Listings Inc. is focussed on assisting Korean companies go public and list (or interlist) on the TSXV.

[see benefits of listing on the TSXV]

There are five primary methods of going public on the TSXV:

  1. an initial public offering (IPO);
  2. a reverse take-over of an existing TSXV listed issuer;
  3. a qualifying transaction with a capital pool company (CPC) listed on the TSXV;
  4. if the issuer is already listed on a stock exchange elsewhere in the world, an application for a direct listing of its securities on the TSX or TSXV; or
  5. interlisting.

Issuers listing on the TSXV are required to complete a listing application and meet various listing requirements of the respective stock exchange. Listing requirements for the TSXV are sector and development-stage specific.

TSXV is the ideal stock market for smaller companies for a number of reasons [see benefits of listing on the TSXV] .

As a company listed on the TSXV grows, it can graduate to the TSX (once they satisfy the TSX’s listing requirements).

The minimum requirements to list on the TSXV [can be found here].

There are minimal additional management or financial requirements for international issuers. However, as a practical matter, companies selecting a listing on the TSXV must demonstrate their ability to satisfy all of their reporting and public issuer obligations in Canada.

Moreover, it is generally recommended that they have some presence in Canada for performing administrative, regulatory reporting and investor relations functions.

Hallasan Venture Listings Inc. provides its clients with all services to facilitate their listing and growth.

 

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