Hi Jimbo,
POET doesn't intend to do an IPO and I do agree that this is a different ball game and a very costly!!! In fact, you would be amazed at how much it cost to tap in a public financing versus a private placement that they just did.
What I believe POET intends to do is to list their shares on the Nasdaq and make them tradeable on that exchange.
The Nasdad initial listing fees and annual renewal fees are disclosed to the public.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
We aren't talking about 1M$ to get listed, it will below 500K$ and it will depend on the selected market and the final consolidation ratio of the RS.
Also, I want to add that being dual-listed isn't that much expansive as well and I do expect that POET will be liste in both CAN and USA. Wether they stay on the venture or get to the TSX will be up to them. At this stage, both the costs and the requirements are lesser on the venture exchange.
I do agree it is the time to get more exposure on the DAQ though!
Have a good day