This info comes from the TSX-V Website.
The time to go public depends on the complexity of the company, quality of documentation provided by the company and whether there are any outstanding issues. On average, the process takes three to six months to complete. Below is an example of the timeline of an IPO through a prospectus offering
Event Weeks
| Planning meeting |
1 |
| Drafting preliminary prospectus |
2-5 |
| Filing |
6 |
| Comments from securities commission |
7-10 |
| Response to comments |
10-12 |
| File final prospectus |
13-14 |
| Auditors work on annual statements, interim statements and comfort letter |
2-13 |
| Ongoing legal work |
2-13 |
| Due diligence by underwriters, including formal review sessions with management, counsel and auditors |
2-13 |
| Preparation of marketing documents and roadshow presentation |
2-10 |
| Investor presentations |
10-13 |
| Institutional one-on-one meetings |
10-13 |
| Pricing |
10-13 |
| Closing and settlement |
14-15 |
| Listing |
14-15 |
