The Santiago Stock Exchange and TSX Venture Exchange enter into agreement that will lead to the development of a New Venture Market in Chile
The Santiago Stock Exchange and TSX Venture Exchange (TSXV), a subsidiary of TMX Group Limited, today announced they have entered into an agreement that will lead to the creation of a new venture exchange division of the Santiago Stock Exchange, called the Santiago Stock Exchange, Venture.
The agreement will leverage the experience of TSXV, which specializes in facilitating capital formation for early-stage growth companies. It will also provide the opportunity for TSXV issuers to dual-list on the new market.
Santiago Stock Exchange, Venture will initially focus on capital formation for small and medium enterprises (SMEs) in the mining sector. This will strengthen and create a strong connection between the mining industry and the Chilean capital market. At a later stage, the initiative may expand to other industry sectors.