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Wednesday, February 10, 2010, 16:00-20:00
Alan Litwack, Partner, Miller Thomson LLP
Raymond King, Senior Manager, Business Development, TMX Group
Dr. Ed Mlavsky, Chairman & Founding Partner, Gemini Israel Funds
David Shore, Sr. VP and Technology Analyst, Research Capital
Daniel Rothberg, Partner, Miller Thomson LLP
Simon Weintraub, Partner, Yigal Arnon & Co
Elliott Jacobson, Partner, Deloitte Canada
Yitzchak Chikorel, Partner, Deloitte Israel
Zvi Yemini, Repeat Entrepreneur, ZAG, Hydro, Polymer Logistics
Elliot Noss, CEO and President, Tucows Inc
Description
The Toronto Stock Exchange
- a viable IPO alternative; Cost of IPO far lower than other North American stock markets
- main exchange suitable for companies with market cap @ USD100-750 million
- TSX Venture Exchange, suitable for companies with market cap @ USD 20-100 million
- Israeli companies likely to receive favorable market support, analyst coverage and follow-on financing support
As an equity exchange, TMX Group is the second-largest exchange in the world in terms of number of listed companies (approximately 4000 listed companies), and the 7th largest equity exchange group in the world based on the total market capitalization of all of its listed companies (approximately $2 trillion dollars). Total capital raised for companies on both of its equity boards in 2009 exceeded $65 billion.
Under the TMX Group's equities umbrella are two separate exchange bodies, each catering to a different segment of the corporate marketplace. The TSX junior board is called TSX Venture Exchange, and is designed to serve the capital raising needs of earlier stage companies and/or those companies looking for smaller rounds of financing. Note that it is NOT a market for start-up companies, but is a market for those companies that have reached the equivalent of at least a Series A/B of private venture financing. The TSX senior board is called Toronto Stock Exchange, and is the market for more established companies. It has a more international presence, and hence tends to attract companies and investors from around the world. 40% of the daily trading on Toronto Stock Exchange comes out of the US, via a large pool of US-based brokerage firms and institutional investors.
Program Agenda
Moderator: Alan Litwack, Partner, Miller Thomson LLP
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Welcome & Greetings
Dr. Ed Mlavsky, Chairman, MIT Enterprise Forum, Entrepreneur (Tyco) and VC (Gemini Israel Funds)
Ambassador of Canada to Israel, Jon Allen
Alan Litwack, Partner, Miller Thomson LLP
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16:00 – 16:15
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The Overall Picture from the VC Point of View
Dr. Ed Mlavsky, Entrepreneur (Tyco) and VC (Gemini Israel Funds)
Chairman, MIT Enterprise Forum
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16:15 – 16:25
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Benefits of Listing on the TSX/TSX Venture Exchange
Ungad Chadda, Senior Vice President, TMX Group
Raymond King, Senior Manager, Business Development, TMX Group
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16:25 – 16:50
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Q&A
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16:50 – 17:00
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Raising Capital in Canada
David Shore, Sr. VP and Technology Analyst, Mackie Research Capital
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17:00 – 17:20
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Financial Reporting Requirements
Elliott Jacobson, Partner, Deloitte - Canada, John Muffolini, Deloitte - Canada
Yitzchak Chikorel, Partner, Deloitte - Israel, Israel Nakel, Deloitte - Israel
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17:20 – 17:40
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Listing Methods, Legal Requirements & Learning from Experience
Daniel Rothberg, Partner, Miller Thomson LLP
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17:40 – 18:00
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Q&A
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18:00 – 18:15
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Break & Refreshments
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18:15 – 18:45
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Methods of going Public in Canada: An Israeli Law Perspective
Simon Weintraub, Partner, Yigal Arnon & Co.
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18:45 – 19:05
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The Overall Funding Picture from the Point of View of the Entrepreneur
Zvi Yemini, Repeat Entrepreneur, ZAG, Hydro, Polymer Logistics
Member of the Board, MIT Enterprise Forum
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19:05 – 19:25
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The Canadian Experience – "What it’s like to be public in Canada" (via the WEB)
Elliot Noss, CEO and President, Tucows Inc.
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19:25 – 19:45
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Q&A
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19:45 – 20:00
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Sponsored by
      
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