Look for more U.S. names trading on the Toronto market as companies that are "pre-Nasdaq size" turn to Canada to raise capital by going public, predict lawyers from Torys in the firm's mid-year report on capital markets.
Canada is attractive for companies in the $50 million to $500 million range, and for those in the energy, metals and mining, clean technology and technology sectors, says the report.
Canada's market is similar to the U.S. market, but tax planning and accounting compliance are two areas that can slow down a transaction, the report explains.
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