Going public is supposed to give a growing company access to capital, liquidity for shareholders and a credible price for its shares. Yet, three of Canada’s fastest-growing wealth firms have found another way to achieve these goals.
Wealthsimple Financial Corp., Wellington-Altus Financial Inc. and Harbourfront Wealth Group have attracted large institutional investors and built a real market for their private shares.
That may be one of the most overlooked reasons they have grown so quickly.
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Read the article on the Globe and Mail website (subscription required): Why staying private has worked for Canada’s wealth management winners – The Globe and Mail