TMX group

Company determines if the decision to go public is consistent with their business objectives
- Review business plan and policies
- Determine if external financing is required to further business plan
- Review financials using 5 years of statements
- Consider the tax implications of going public
- Management determines if they are ready to go public
Develop a public company mind set
Determine how the company will tell its story
Organize the company's internal documentation to ensure the prospectus and due diligence are completed efficiently
Determine if the current board of directors is suitable and meets the regulatory requirements of a public company. Regulatory requirements can be found in the TSX Company Manual and the TSX Venture Corporate Finance Manual.

Management interviews and selects:
- Professional advisors
- Sponsor (underwriter/investment dealer)
- Auditor
- Securities lawyer
- Investor relations professional
Management, professional advisors and the exchange decide whether the company will meet minimum listing requirements
Speak with TSX Business Development Manager and Corporate Finance professional
Professional advisors commence the listing process
Prepare comparative financial statements
Start due diligence of deal and people involved in the deal
Determine which is the best listing vehicle to use
Approach TSX for a pre-assessment of the transaction
Company and lawyer prepare legal documents
Management files legal and supporting documents, including financials, with the TSX and applicable securities commissions
TSX and/or securities commissions review legal documents, noting any deficiencies and communicate these to the company and professional advisors
The company receives conditional approval
Company and professional advisors address all the deficiencies to the satisfaction of the regulatory authorities
Company receives approval and begins trading on the exchange