Voyager Digital has received conditional approval from the Toronto Stock Exchange (TSX) to list its common shares under the ticker VOYG. According to a press release published on 23 August, the U.S.-based crypto platform will voluntarily delist its common shares from the Canadian Securities Exchange (CSE).
The final approval of the listing will come once Voyager meets certain customary conditions required by TSX. The company said it will announce when trading is expected to begin on the TSX, but provided no further details about the possible start date.
Steve Ehrlich, the CEO and Co-Founder of Voyager, said that the conditional approval Voyager received from TSX was a great accomplishment for the company. Voyager’s goal has always been to become a publicly-traded company, which it managed to achieve by listing on the CSE, but the time has come for the company to expand to larger markets, he explained in the press release.
“The company is now at a stage where investors could benefit from an up-listing to a more senior exchange. With Voyager’s crypto trading platform generating revenue and cash flow at an accelerating pace, we feel it’s time to up-list so that we can increase our exposure to a larger investor universe.”
A TSX listing is one of the requirements for inclusion in certain indices, including the S&P/TSX Composite Index and other related exchange-traded products (ETFs). However, Voyager said that “there can be no certainty” it would quality or be eligible to be included in such indices and ETFs.