Public Markets 101
Understanding Private vs. Public Companies
This practical session will break down how capital markets connect investors and businesses, the key differences between private and public companies, and explore what it means for a company to go public. You will leave with a clearer understanding of how these markets operate and why these matter for investors, companies, and communities.
What You'll Learn
Private vs. Public Ownership
Capital Markets & Stock Exchanges
How and Why Does a Company Go Public?
TSX & TSXV: Canada’s Public Markets
Request a Session
Private vs. Public Companies
- Private Companies: Owned by specific individuals or groups. Their shares can only be traded between existing owners.
- Public Companies: Owned by shareholders or investors from the general public. Their shares can be bought and sold on stock exchanges, making ownership more widely accessible.
Capital markets connect investors with companies by creating a space where money can move between those looking to invest and those looking to raise funds. Stock exchanges, like Toronto Stock Exchange (TSX), are the mechanism that makes this system function by enabling trading, helping determine market value based on supply and demand, and maintaining rules that support fair and transparent transactions.
The Journey to "Going Public"
When a company goes public, it typically undergoes an Initial Public Offering (IPO).
Readiness
Preparing rigorous financial audits and disclosure reports.
Underwriting
Hiring an investment bank to assess risks and financial health.
Prospectus
Creating a legal document with essential company and offering details.
Roadshow
Presenting the business to potential investors to generate interest.
Listing
Shares officially begin trading on an exchange like TSX or TSXV.
Post-IPO
As a public company, all ongoing reporting requirements must be met.
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