How to go public cheaper and faster
May 12th, 2009
While the initial public offering market has dried up, don’t tell that to Penny Green, a securities lawyer at Bacchus in Vancouver. She has six IPOs in the pipeline — just not for the Canadian big board — the TSX — or even the TSX Venture Exchange. Rather, Ms. Green’s focus is the Canadian National Stock Exchange, or CNSX, which is providing small and mid-sized companies with an alternative to going public than the traditional exchanges.
“People are suddenly aware there’s a full exhange out there that’s an alternative to the TSX Venture,” she says. “In these economic times, people are looking for ways to save money and it makes a huge difference if you list on the CNSX. It’s faster and less expensive. Also, there’s greater certainty you’ll actually complete your listing. They’re much easier to work with and give conditional approvals earlier.”
Read the full article: “Article Quoting Penny Green Lawyer on Going Public Faster“. (Click here for PDF version)
Tags: article, Canadian National Stock Exchange, CN, go public cheaper, IPO's, lawyer, penny green
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