Cipher Financial

Going Public

TSX, TSXV & Going-Public Advisory

Financial readiness for companies preparing to list — and the reporting infrastructure to succeed after the bell rings.

  • Listing-readiness assessment
  • IFRS reporting and audit preparation
  • Working-capital and use-of-proceeds models
  • Post-listing finance infrastructure

Going public is a transformation, not a transaction. The companies that struggle after listing are usually the ones that treated the listing as the finish line. Cipher Financial helps management teams get financially ready to list on the TSX or TSX Venture Exchange — and builds the reporting infrastructure they will need from the first quarter onward.

Getting ready to list

  • Listing-readiness assessment — a clear-eyed review of where the finance function stands against what an issuer needs: statements, systems, people, and processes.
  • Financial reporting readiness — conversion to IFRS where required, and audited financial statements prepared to the standard a listing demands.
  • Audit preparation — getting records, reconciliations, and support ready so the audit runs on schedule.
  • Forecasts and working-capital models — the financial projections and working-capital analysis that listings and their advisors require.
  • Use-of-proceeds schedules — credible, defensible deployment plans for the funds being raised.

During the transaction

  • Coordination with the deal team — day-to-day work with legal counsel, auditors, sponsors, and investment dealers so financial workstreams keep pace with the legal ones.
  • Reverse takeovers and qualifying transactions — financial support for RTOs and CPC qualifying transactions where that is the chosen path, including the financial statement and pro-forma requirements specific to those structures.

After listing

  • Post-listing finance infrastructure — the quarterly reporting rhythm, close process, controls, and calendars a reporting issuer needs.
  • Governance and reporting calendars — audit-committee cadence, filing deadlines, and the discipline to meet them every quarter.
  • First-year support — many issuers use fractional CFO support through their first reporting cycles rather than hiring a full-time public-company CFO on day one.

Experience that transfers

This work is led by a CPA, CA who has been the CFO of Canadian public companies — living with continuous disclosure, audit committees, and exchange requirements from the inside, not observing them from a distance.

Cipher Financial is not a stock exchange, sponsoring broker, investment dealer, or law firm, and does not provide legal or securities-law advice or act as a sponsor or agent in any listing. The firm provides financial and accounting support to management and works alongside your legal counsel, auditors, sponsors, and investment dealers.

Listing readiness

Five stages to the bell —
and who does what

  1. Stage 1

    Readiness assessment

    An honest gap analysis: statements, systems, people, and processes against issuer requirements.

  2. Stage 2

    Financial foundation

    IFRS conversion where required, audited statements, and the accounting positions a listing demands.

  3. Stage 3

    Transaction financials

    Forecasts, working-capital models, use-of-proceeds schedules, and pro-forma statements for RTOs and QTs.

  4. Stage 4

    The transaction

    Day-to-day coordination with counsel, auditors, sponsors, and dealers so financial workstreams keep pace.

  5. Stage 5

    Life as an issuer

    The quarterly reporting rhythm, controls, and calendar built before the first filing deadline, not after it.

The advisor map

Legal counsel
Securities-law advice, listing documents, disclosure
External auditors
Audit opinions and independent assurance
Sponsor / investment dealer
Sponsorship, financing, and exchange process
Cipher Financial
Financial readiness, models, statements, and coordination for management
Management & board
Own the business, the decisions, and the disclosures

Public-Company & Financial Reporting

Reporting discipline for issuers — IFRS financial statements, MD&A, audit coordination, and the calendar that keeps it all on time.

Capital Raising & Transaction Support

Get the numbers, materials, and diligence house in order before investors start asking questions.

Financial Modelling & Forecasting

Models built by someone who has had to defend them — to boards, investors, auditors, and lenders.

Discuss tsx, tsxv & going-public advisory
for your business

A brief, confidential conversation with Toronto-based CFO leadership. No obligation, and useful either way.

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