COMMERCE 3FA3 Chapter Notes - Chapter 15: Ontario Securities Commission, Multiunit Auction, Seasoned Equity Offering
10 Feb 2018
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15. 1 the financing life cycle of a firm: early-stage financing and venture capital. Venture capital: financing for new, often high-risk ventures. Access to venture capital is really very limited. It is incredibly expensive, a fact that is inevitable given the high risk involved in such firms. Choosing a venture capitalist: financial strength is important, style is important, references are important, contacts are important, exit strategy is important. Public issue: the creation and sale of securities on public markets. A firm issuing securities must satisfy a number of requirements set out by provincial regulations and statutes and enforced by provincial securities commissions. Canada is carried out by provincial commissions and through provincial securities acts. Each province and territory has its own securities commission. All companies listed on the toronto stock exchange come under the jurisdiction of the ontario. The securities act sets forth the provincial regulations for all new securities issues involving the province of ontario and the toronto stock exchange.
