NEO Listings

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Listing Fees

At the NEO Exchange, we have made the cost of listing securities attractive by offering competitive fees that are easy to understand and are tailored by issuer type.

Our fees were structured with the issuer in mind. By reducing the complexity of calculating transaction costs, we have increased a company’s certainty of their initial, annual and transactional costs.

Issuer Class Initial Listing Fee Annual Fee
Corporates Up to 67% lower than TSX Up to 55% lower than TSX
Exchange-Traded Funds 33% lower than TSX Up to 66% lower than TSX
Closed-End Funds and Split Share Corporations Up to 90% lower than TSX Up to 85% lower than TSX
Exchange-Traded Products / other Structured Products Up to 99% lower than TSX Up to 99% lower than TSX1

1 NEO Exchange Annual Flat Fee per Issuer, compared to TSX fees assuming multiple ETPs issued.

 

The complete Listing Fee Schedule is available here.

 

Summary of Listing Fees:

 
 

Corporate Initial Listing Fee

Market Capitalization Start of Band Market Capitalization End of Band Total Fee
$0 $50,000,000 $25,000
>$50,000,000 $100,000,000 $75,000
>$100,000,000   $140,000

 

Corporate Additional Listing Fee

Flat Fee $15,000

 

Corporate Annual Fee for Equity Securities

Market Capitalization Start of Band Market Capitalization End of Band Total Fee
$0 $100,000,000 $12,000
>$100,000,000 $500,000,000 $20,000
>$500,000,000   $50,000

 

Corporate Annual Fee for Debt Securities

Market Capitalization Start of Band Market Capitalization End of Band Total Fee
$0 $100,000,000 $6,000
>$100,000,000 $500,000,000 $10,000
>$500,000,000   $25,000

 

ETF/CEF Initial Listing Fee

Flat Fee $5,000

 

ETF/CEF Additional Listing Fee

None

 

ETF/CEF Annual Fee

Market Capitalization Start of Band Market Capitalization End of Band Total Fee
$0 $100,000,000 $3,500
>$100,000,000 $500,000,000 $7,500
>$500,000,000   $22,000

 

Fund Family Discount

Number of ETFs/CEFs Listed Discount to Aggregate Amount of Annual Fees
5 to 9 10%
10 to 19 15%
20 to 39 20%
40 to 49 25%
50 to 59 30%
60 to 69 35%
70 or more 40%

 

ETP Initial Listing Fee

Flat Fee $300/issuance

 

ETP Additional Listing Fee

None

 

ETP Annual Fee

Flat Fee Per Issuer $20,000

 

Transaction Fees

Transaction Category Fee Amount
Acquisitions $7,500
Cancellation of Securities $2,500 if cancellation of Market Cap. >$250,000
Corporate Reorganizations $25,000
Exercise of Convertible Securities $10,000 if Market Cap. increase >$250,000
Issuer Bid $2,500
Late Notice Fees $250/calendar day up to $10,000 max.
Name / Symbol / Classification Change $2,500
Normal Course Issuer Bid $5,000
Over-Allotment Option $ 0 unless > 10%; otherwise the difference if additional securities move offering into another Market Cap. band
Personal Information Forms (Canadian & US) $400
Private Placement/Prospectus Offering of Listed Security $15,000
Reverse Take-Over Initial Listing Fee
Security Holder Rights Plan and Amendment to Plans/Grants $2,500
Significant Transaction $7,500
Split or Consolidation $2,500
Stock Option Plan and Amendment to Plans/Grants $1,000
Take-Over Bid $10,000