OTC Markets Group and the Canadian Securities Exchange (CSE) will launch a new program for issuers looking for an efficient Canadian IPO experience and economical access to North American investors.
Issuers will have access to the CSE’s IPO listing and trading services coupled with enhanced U.S. disclosure distribution and secondary trading on the OTCQX Best Market/OTCQB Venture Market.
“The resulting combination will offer an efficient alternative for international companies seeking to raise capital, build global investor awareness and have their shares trade in two of the world’s largest financial markets,” OTC said in a statement. “Both OTC Markets Group and the CSE emphasize simple processes and fixed fee structures that remove much of the cost, time and complexity typically associated with going public on an exchange.
“This cooperative effort is positioned to introduce foreign issuers to North American capital formation resources and secondary market liquidity.”
To mark the partnership OTC Markets Group EVP of corporate services, Jason Paltrowitz Canadian Securities CEO Richard Carleton are hosting a series of meetings and roundtables with Israeli business leaders to discuss how Israeli companies can go public on the CSE and established themselves on the OTCQX/OTCQB markets. The sessions are planned for Nov. 7-8 at the Carleton Tel Aviv.
“We are pleased to announce this alliance with the CSE which will offer international companies the ability to raise capital via an IPO in Canada, build their North American brand, and gain secondary access to the broad pool of U.S. investors,” Mr. Paltrowitz said. “Investors and the broker-dealer community will benefit from greater information, increased global investing opportunities and more efficient trading of Israeli and international issuers shares.”
Because the CSE is a Qualified Foreign Exchange, a listing there pre-qualifies many companies as candidates to apply to trade on OTC Markets’ premium OTCQX and OTCQB Markets.
“Capital formation for growth companies is one of Canada’s key strengths in the financial markets,” Mr. Carleton said. “Through our program with OTC Markets, we can offer a compelling proposition for Israel’s globally respected entrepreneurial community: the benefits of public company status in Canada, with access to the funding and secondary market trading capabilities in the United States.
“We hope to be able to introduce a number of new and compelling investment opportunities to the North American marketplace.”