The number of TSX-listed operating companies has shrunk by 40 per cent since 2008, according to TMX Group Ltd., parent of the TSX and TSX Venture Exchange.Tijana Martin/The Canadian Press
From the start, ZS2 Technologies Ltd. was built to go public. The Calgary-based business was founded by stock market veterans who put in place the building blocks of a publicly traded company: governance, oversight and financial reporting. When the time was right, an initial public offering would provide the exposure and capital to take it to the next level.
But the plan has changed. ZS2 is no longer destined for the Toronto Stock Exchange.
ZS2 specializes in high-tech, sustainable building materials. Demand comes mostly from the U.S. construction industry. There is talk of manufacturing stateside, where ZS2 recently incorporated. There are tax advantages to consider. And calls are coming in from U.S. investors hunting for…
