Graduates
- There were 5 graduates to the Toronto Stock Exchange in August 2003. The total number of year-to-date graduates has increased to 34. This represents 44.2% of the senior market's new listings this year compared to 15.9% for the same period last year.
- Additionally, 5 TSX Venture companies were acquired/merged with TSX listed companies in 2003.
Year-To-Date Financing
- As of the end of August, there were 1,291 financing deals on the TSX venture market that raised a total of $1.11 billion, an increase of 10.8% from the same time last year of $1.0 billion through 1,336 financing deals.
- The average size of the financings increased from $0.75 million to $0.86 million compared to a year ago, an increase of 14.7%.
- The Mining sector led the way in financing, raising a total of $504.7 million (representing 46% of the total). The Oil & Gas sector followed with $327.2 million (representing 30% of the total). The Technology sector captured 9% of the financing with $100.7 million raised as of the end of August 2003.
- Alamos Gold Inc., a Mining company, completed the largest financing deal in August, raising $12.3 million through a private placement. Amerigo Resources Ltd., a Mining company, completed the largest single year-to-date financing, raising $26 million through a private placement in June 2003.
Going Public Activity
- There were 4 new listings in the month of August, bringing the year-to-date total to 41. Year-to-date new listings declined 33.9% compared to the same period last year.
- 37% of the new listings were from the mining sector. The Capital Pool program generated 39% of the new listings and the technology sector accounted for 15% of the new listings.
- The regional breakdown of new listings is as follow: British Columbia (29%), Alberta (20%), Ontario (24%), Quebec (22%), Manitoba (3%) and Foreign (3%).
- As of August 29, 2003, there were 25 Reverse Take Over transactions, 60 Qualifying Transactions and 30 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,316.9 on August 29, 2003. This represented an increase of 22.6% since the beginning of 2003. The S&P/TSX Composite Index was up 13.5%, the NASDAQ Composite was up 35.6% and the Dow Jones Industrial Average increased 12.9% since the beginning of January 2003.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $13.63 billion as of August 29, 2003 - an increase of 9.6% from July 2003 and an increase of 26.8% from the same period last year.
Note: These stats include companies on NEX, which was launched on August 18, 2003.
About TSX Group (TSX-X)
TSX are the initials attached to the core operations of the TSX Group: Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx and TSX Technologies. 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.
