Gentlemans,

Please note that an IPO means an Initial Public Offering, which means that a company is raising funds from the public for the very first time. Following completion of the IPO, the company will list on one or multiples exchanges.

An IPO in Canada normally require a LONG form prospectus

Short from prospectus are available to companies that are already listed on an exchange, such as POET.

Some litterature : http://www.millerthomson.com/assets/files/article_attachments/Going-Public-In-Canada-2011.PDF

Short Form Prospectus

This is a condensed prospectus that an issuer that is already a public company and which has an up to date continuous disclosure record and an annual information form (“AIF”) may use as an alternative to the long-form prospectus. This form of prospectus incorporates by reference the issuer’s AIF, financial statements and other continuous disclosure documents already filed by the issuer

The advantage of a short form prospectus is that the regulatory review period is significantly shorter than for a long form filing. The principal regulator uses its best efforts to provide a first comment letter within three business days of the preliminary filing unless there is a novel or complex issue. Typically, the filing of the final prospectus occurs less than a week after the filing of the preliminary prospectus and the issuer contracts with the underwriter through a “bought deal” arrangement, whereby the underwriting agreement is entered into at the time that the preliminary short form prospectus is filed and the dealers are exposed to the market risk during the regulatory review period.

Regards,