ACCESS GROWTH CAPITAL THROUGH THE PUBLIC MARKETS

Toronto Stock Exchange and TSX Venture Exchange are unique growth platforms for U.S. high growth companies. Companies creating their long-term funding strategy should consider all options including traditional venture capital, private equity … and the public markets.

DANI LIPKIN

DANI LIPKIN

Managing Director, Global Innovation Sector
DELILAH PANIO

DELILAH PANIO

Vice President, Capital Formation
Pacific North West U.S., California, Arizona & Austin
ERIK ANDERSEN

ERIK ANDERSEN

Head, Capital Formation
Texas and Southern U.S.

KEY BENEFITS FOR U.S. COMPANIES

$1.1B
equity capital raised by U.S. companies in 2023
10
new U.S. listings in 2023
  • 1
    Access to Capital
    Going public can provide your company with financing opportunities to grow your business via expansion of operations, hiring or acquisitions.
  • 2
    Long-Term Growth
    As a public company, your shares can be used as a currency substitute to acquire target companies, instead of a direct cash offering. Using shares for an acquisition can be a tax-efficient and cost-effective vehicle to finance such a transaction.
  • 3
    Increase Visibility And Prestige
    Going public enhances your company’s visibility. Greater public awareness gained through media coverage, publicly filed documents and coverage of your shares by sector investment analysts 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. Share ownership can have an immediate and tangible value to employees, and can be used as a recruitment incentive.

$6.3B

Equity Capital Raised by U.S. companies
in the past 5 years

68

New U.S. Listings
in the past 5 years

197

companies are dual-listed in the U.S.

All data as of December 31, 2023 unless otherwise noted.

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 REPORT

CONVERSATIONS WITH U.S. COMPANIES LISTED ON TSX OR TSXV

A collection of videos focused on insights for accessing growth capital through the public markets with industry experts.

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.

TSX and TSXV Listed company initiatives

TSX30

TSX30™ is a ranking of the top 30 performers on Toronto Stock Exchange over a three-year period. As our flagship program, it offers unique insight into important market trends, and shines a light on compelling companies driving progress across industries and around the world.

TSX VENTURE 50®

The TSX Venture 50 is a ranking of the top ten performers on 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.

WHAT INDUSTRY EXPERTS ARE SAYING

Episode 039: Developing Affordable Real Estate in Emerging Markets with Tom Wenz
In this insightful episode, Toronto Stock Exchange's George Khalife delves into the transformative world of real estate with Tom Wenz, CEO of Impact Development Group (TSXV:IMPT (https://money.tmx.com/en/quote/IMPT)). At the forefront of affordable housing in Panama, Tom unravels the story behind the company's innovative approach to creating value for the burgeoning middle class, supported by a robust government-backed framework. Hear about Tom's rich history of executive leadership, from orchestrating high-impact mergers to steering groundbreaking corporate strategies. Discover how Tom's fervor for team empowerment and his strategic foresight have propelled Impact Development Group to new heights, culminating in their strategic decision to list on TSX Venture Exchange.
Read more
TMX Presents: The Podcast - Ep. 035: Women in the Capital Markets - Delilah speaks to the founders of JVR Venture, an all female CPC
TSX’s Delilah Panio kicks off a new series centered around Women in the Capital Markets to coincide with International Women’s Day on March 8. She welcomes Jessica Van Den Akker and Kristen Reinertson of JVR Ventures, two of the few female founders of TSX Venture Exchange’s flagship Capital Pool Company (CPC) program. They get into the mechanics of a CPC and why it’s the most popular go-public vehicle; why they chose to set one up; and what it means to be a female dealmaker in a male dominated industry.
Read more
TMX Presents: The Podcast - Ep. 034: Delilah Panio on The Exit
Today’s episode comes from an interview Delilah Panio, TSX/TSXV’s VP of US Capital Formation, recorded with Steve McGarry, host of The Exit. The duo cover a lot of ground, including a topic Delilah is especially passionate about—bridging the gender gap in venture capital. Delilah discusses the alternatives to venture capital and emphasizes the need for entrepreneurs, especially women, to explore different funding sources, including crowdfunding and public venture capital on TSX Venture. We also learn ways we can narrow the funding gap by accessing aligned capital. This episode is brought to you by Flippa, the #1 marketplace to buy and sell online businesses. For more insights from capital markets leaders, please visit www.TMX.com/POV
Read more
TMX Presents: The Podcast - Ep. 027: GameSquare Esports CEO Justin Kenna: Gaming Disruptor
In today’s episode, Erik Anderson, Head of Business Development based out of Dallas, Texas, speaks with Justin Kenna, CEO of GameSquare Esports (TSXV:GAME). Hear Justin’s origin story; how this Aussie with a financial background became an entrepreneur; how GameSquare Holdings was formed; how calculated risks pay off; and how the idea of dual listing this US-based company in Canada on TSX Venture Exchange came to be. Justin talks about his ethos - connecting global brands with their fan base - and how he built out his business model, and proving that it works.
Read more
TMX Presents: The Podcast - Ep. 015: Using Public Venture Capital For Acquisition Strategy
In this episode, Kathy Casey, CEO of Simply Better Brands (TSXV:SBBC), shares her experiences of going public in Canada in 2019 with TSX’s Delilah Panio. Hear how Simply Better Brands started with one brand - Pure Kana - and went on to acquire several CPG companies in the past three years, using its public stock as currency to make these acquisitions and grow the company’s revenues significantly.
Read more

More Info

U.S. Companies

U.S. Companies

Learn about the benefits of going public & the Canadian markets.

U.S. Guide to Listing

U.S. Guide to Listing

Considerations for U.S. Companies including listing requirements.

HAVE A QUESTION?

Contact us at usa@tmx.com and we will be happy to assist you.