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TSX report maps next stage for Venture Forward initiative

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TSX Venture Exchange (TSXV) has announced the next phase of its Venture Forward initiative and in a new report outlines several commitments to innovation and growth. The report incorporates feedback from stakeholders across the venture community, the firm writes.

“This is an exciting day for TSXV, as we share our commitments and plans to address near-term stakeholder challenges and build Canada’s vibrant and vital public venture market stronger for the future,” says Loui Anastasopoulos, CEO, Toronto Stock Exchange and Global Head, Capital Formation, TMX Group. “Venture Forward is a key component of our ongoing strategy to push the evolution of our unique and powerful capital formation ecosystem, serve the needs of modern stakeholders, and sharpen our competitive edge in an increasingly borderless capital market landscape.”  

Tim Babcock, Vice President and Head of TSX Venture Exchange, says: “I want to thank the hundreds of respondents from across the community for their candid input and invaluable support throughout the Venture Forward consultation process, and for their immense contribution to shaping this report. We are encouraged by the progress we have made to date in some of the key areas of focus and look forward to the collaborative work ahead in pursuit of positive change, and enduring success.” 

The report highlights four key TSXV commitments: 

  • Introducing an innovative TSXV Passport Listing Process to significantly accelerate the listing and capital-raising timeline for qualified TSXV new listing applicants, 
  • Accelerating the Exchange’s ongoing Digital Transformation by providing issuers with increased access to digital products, services, and resources, 
  • Launching TSXV Sandbox, an initiative to encourage innovation and provide support for listing unique businesses or transaction structures, and 
  • Evaluating the need and appetite for a New, Highly Differentiated Exchange to complement TSXV, with the goal of providing new categories of early-stage companies, alternative asset classes, and investors with access to public markets. 

The report contains six additional commitments designed, the exchange writes, to enhance TSXV’s position as the global leader in supporting the success of small and medium-size public companies.  

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