Canadian exchange for growth companies.
4-6 months
$250K-$800K
Growth
Canadian growth companies
Financial requirements
Governance requirements
Public float requirements
Application
Review
Approval
Trading
Cboe Canada is a newer Canadian exchange offering middle-ground between CSE and TSXV. Requirements: minimum $500K working capital (vs $300K for TSXV, $100K for CSE), demonstrated revenue/business model (less stringent than TSX), and lighter governance than TSXV. Cboe lists primarily Canadian growth companies, technology companies, and some emerging companies. Listing timeline (4-6 months) is faster than TSX/TSXV but slower than CSE. Costs ($250K-$800K) fall between CSE and TSXV. Cboe provides alternative to TSXV while maintaining Canadian credibility for serious growth companies.
Cboe Canada listings typically raise $5M-$50M, similar to TSXV. Average raise is $15M-$30M. Companies target Canadian institutional investors, high-net-worth individuals, and some US venture capital. Cboe attracts companies that don't meet TSX profitability standards but want more credibility than CSE. Post-listing financing is common as Cboe companies grow toward TSXV or TSX graduation. Cboe also allows smaller companies ($500K-$5M raises) seeking Canadian capital without TSX/TSXV complexity.
Yes - Cboe serves similar function as CSE/TSXV as stepping stone exchange. Companies typically graduate to TSXV (2-3 years) by demonstrating stronger financials, consistent revenue growth, and profitability path. Graduation requires new TSXV application, typically taking 2-3 months. Cboe provides valuable intermediate step for companies that want Canadian credibility beyond CSE but aren't ready for TSXV's heavier requirements. Market conditions, investor interest, and financial performance drive graduation timing.
Track your entire Cboe Canada listing journey with IPOReady.
Start Your Cboe Canada Journey