Toronto Stock Exchange and TSX Venture Exchange Launch U.S. Public Venture Capital Roadshow in California Français
Canada's premier exchanges team up to promote public VC as a complementary growth path
TORONTO and LOS ANGELES, April 4, 2017 /CNW/ - Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) are kicking off a five-city U.S. Public Venture Capital (VC) Roadshow today in Santa Monica, California. Hosted today by Expert DOJO, one of Southern California's largest accelerators, and by GSVlabs in Redwood City on Thursday, April 6, these events are designed to bring together a community of entrepreneurs to explore the value and merits of public venture capital as a viable source of funding for early-stage companies.
"TSX and TSXV are committed to supporting the capital raising and liquidity needs of high growth businesses throughout the Americas and globally " said Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group. "The goal of our U.S. roadshow is to engage the next wave of aspiring U.S. companies and make them aware of the benefits TMX offers through our unique and proven exchange ecosystem. A key part of this series is connecting leading bankers and advisors from the Canadian capital markets directly with local growth companies. We want entrepreneurs and business owners based in the epicenter of innovation in the U.S. to be apprised of how a listing on TSX or TSXV can supplement and accelerate their growth plans and capital markets strategies."
The roadshow events feature an informational seminar on the benefits of listing on the Exchanges with advisors from leading investment banks, accounting firms and law firms, and provide an overall understanding of how Canada's equity markets can be a growth platform for U.S. businesses. The events also facilitate one-on-one meetings covering cross-border legal, accounting and banking considerations for companies reviewing their financing options.
"Expert DOJO works with early stage startups throughout the United States to help scale growth. In many cases this means exploring new financing alternatives as current vehicles are very inflexible," said Brian McMahon, Founder, Expert DOJO. "Canada's equity markets offer a very important alternative to entrepreneurs who want to build quickly with the backing of the public markets. As such, Expert DOJO is a big supporter of this financing method for our companies."
TSX and TSXV are home to over 120 U.S. companies, more than any other exchange group outside of the U.S. More than $6 billion has been raised by U.S. companies on the Exchanges since the start of 2012. Every year, hundreds of U.S., Canadian and international companies raise billions of dollars in public VC funding on TSX and TSXV.
TSX and TSXV will visit three additional cities as part of the U.S. Public VC Roadshow, including Seattle on June 6, and Boston and Phoenix in the fall.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing and Singapore. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
This news release is not, nor should it be construed as, an inducement for US persons to effect or report transactions on TSX or TSXV. Listing on TSX or TSXV does not guarantee the future performance of a security or an issuer.
SOURCE TMX Group Limited
Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]
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