Graduates
- There were 3 graduates to the Toronto Stock Exchange in December 2002. The total number of 2002 graduates was 27. This represented 22% of the senior market's new listings in 2002 compared to 28% in 2001.
- In 2002, there were 1,911 financing deals on the TSX venture market that raised a total of $1.44 billion, an increase of 33% from the same time last year of $1.08 billion through 1,540 financing deals.
- The average size of each financing in 2002 was $0.75 million, an increase of 7% from an average of $0.70 million in 2001.
- The Mining sector led the way in financing, raising a total of $572.6 million. This represented 40% of the total financing on TSX Venture in 2002. The Oil & Gas sector followed with $402.3 million of financing, which accounted for 28%. The Technology sector captured 12% of the total financing with $170 million raised.
- EAGC Venture Corp., a gold mining company, raised $65.8 million through a private placement in November 2002, the largest single deal in 2002. VOXCOM Incorporated completed the next largest single deal, raising $35.9 million through a private placement in July 2002.
- There were 11 new listings in the month of December, bringing the 2002 total to 88. New listings declined 48% compared to 2001. (This excludes the 108 Montreal Exchange transfers in October 2001).
- The Capital Pool program generated 49% of the new listings. 22% of the new listings were from the mining sector and 9% were from the oil & gas sector.
- Regional breakdown of new listings is as follow: BC (28%), Alberta (36%), Saskatchewan & Manitoba (3%), Ontario (15%), Quebec (13%), Atlantic Canada (2%) and Foreign (2%).
- The S&P/TSX Venture Composite Index closed at 1074.08 on December 31, 2002. This represented an annual increase of 4% in 2002. This compares favourably with other North American indices: S&P/TSX Composite Index was down 14%, the NASDAQ Composite was down 32% and the Dow Jones Industrial Average was down 17% in 2002.
TSX are the initials attached to the core operations of the TSX Group: Toronto Stock Exchange, TSX Venture Exchange, TSX Markets and TSX Datalinx. TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
