The possibility of going public is one of the most important decisions a company can face.
To assist, we’ve prepared an overview of the process for obtaining a public listing in Canada and the key considerations for the company and its principal stakeholders both prior to and throughout the Initial Public Offering (IPO) process.
- Part 1 outlines various matters that a private company should consider before deciding to go public, and provides a summary of the principal methods of completing a public listing in Canada.
- Part 2 describes the regulatory framework in Canada for public companies and how that framework affects a listing and the post-listing reporting requirements.
- Part 3 provides an overview of the principal listing methods in Canada, being an initial public offering, a reverse takeover or a qualifying transaction.
- Part 4 details the listing procedures for the Toronto Stock Exchange (TSX) and the TSX Venture Exchange, the two principal listing markets in Canada.
- Part 5 outlines what a company is required to include in a prospectus or other listing document and the liability associated with the disclosure provided in such documents.
- Part 6 provides an overview of a dealer’s (i.e., an underwriter’s) involvement in a public listing and a summary of what a company should expect for an offering of securities completed concurrently with an initial listing.
- Part 7 outlines certain Canadian tax considerations for a company looking to complete a going public transaction in Canada.
- Part 8 provides a summary of the Canadian reporting requirements for a company following a public listing on a Canadian exchange.
Fasken has significant experience in guiding market participants in connection with conventional and alternative going public transactions in both the Canadian and cross border contexts.
Should you have any related issues or questions about the going public process, please contact any of the authors of this guide (see page 44) or your regular Fasken lawyer.
