Does my company qualify to "Go-Public" in Canada?

Many companies ask us "Isn't my company too early to go public?" The simple answer is that if your business is worth more than $2M, going public could be for you.


Growth companies looking to go-public in Canada will look to raise money through the robust capital markets systems created around the 2 main exchanges in Canada:


  1. Toronto Stock Exchange Venture (TSXV)

  2. Canadian Securities Exchange (CSE)


Generally, these companies will offer some portion of their shares using a prospectus to investors in exchange for growth capital. Those investors will receive shares that are traded on one of the previous exchanges and can buy more shares or sell the ones they have.



Qualifications for listing on TSXV:


- Can be pre-revenue, but needs to create a 2 year business plan

- Can be based internationally or domestically in Canada

- Typically no less than $2M market capitalization


Things to do before going public (GoPublic.AI helps with this)

- 200 public shareholders

- 500,000 shares in your company

- minimum 20% of the shares are in the hands of public shareholders



Qualifications for listing on CSE:


- Very similar to the TSXv but offers simplified reporting

- The CSE has specific listing requirements for industrial companies, mining companies and real estate/investment companies.


Things to do before going public (GoPublic.AI helps with this)

- 150 Shareholders

- $200,000 in working capital

- 500,000 shares in the company

- Minimum 10% of the shares are in the hands of public shareholders



If you have any questions at all please reach out to info@gopublic.AI and we'd be happy to answer your questions!



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