BETAKIT.COM: TMX GROUP LAUNCHES AUTOMATED PLATFORM TO HELP COMPANIES SECURE CAPITAL AMID INCREASE IN PRIVATE PLACEMENTS

(Originally published on January 27, 2021 by BetaKit)

TMX Group, which owns and operates the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), has launched TMX dealLINX, a new automated private placement platform that aims to help companies issue securities and raise money more easily.

The move follows a 57 percent year-over-year increase in total private placement value on the TSX and TSXV last year, according to the TMX-produced December 2020 MiG Report, which collects and summarizes data from both exchanges.

TMX claims its new dealLINX platform will help companies raise capital faster and more cheaply by reducing their compliance risk and administrative overhead. The financial services company launched the automated platform earlier this month, targeting both private and public companies that raise capital via non-brokered private placements.

"We know that resources are always stretched and with TMX dealLINX, issuers can access capital more efficiently through private placements and free-up senior resources so they can focus on their growth ambitions rather than administrative tasks," Claire Johnson, president and CEO of TSX Trust told BetaKit.

TMX dealLINX is backed by TMX-subsidiary TSX Trust, an OSFI-regulated trust company. The new platform is powered by Vancouver-based investment software provider Katipult. It provides online tools and "enhanced user experience" to help companies raise funds, control expenses and manage distribution, collaboration, and compliance.

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