Graduates
- There were 3 Graduates to the Toronto Stock Exchange in December 2003. The total number of TSX Venture graduates in 2003 increased 88% to 47 from 25 in 2002.
- The total number of Graduates represented 36.7% of the senior market's new listings in 2003 compared to 23.4% in 2002.
- Additionally, 12 TSX Venture companies were acquired/merged with TSX listed companies in 2003.
- In 2003, there were 2,276 financing deals on TSX Venture that raised a total of $2.38 billion, an increase of 65.3% from the same time last year of $1.44 billion through 1,911 financing deals.
- The average size of the financings increased from $0.75 million to $1.05 million compared to a year ago, an increase of 40%.
- The Mining sector led the way in financing in 2003, raising a total of $1.28 billion (represents 54% of the total financing). This was an increased of 124.3% comparing to the $572.6 million raised in 2002.
- The Oil & Gas sector followed in second place with $508.5 million raised (representing 21% of the total). This was an increased of 26.4% compared to the $402.3 million raised in 2002.
- The Technology sector captured 8% of the financing with $179.8 million raised in 2003, which represented an increase of 7% from the $168 million raised in 2002. ยท
- InterOil Corporation, a company that specializes in refining petroleum, completed the largest single financing in 2003, raising $68.8 million through a private placement in September 2003. Amerigo Resources Ltd., a Mining company, completed the next largest single financing deal, raising $26 million through a private placement in June 2003.
- In 2003, the largest IPO was Asia Gold Corp., a mineral exploration company, raising $15 million in December. The largest public offering on TSX Venture was done by Global (GMPC) Holdings Inc., an insurance and investment company that raised $10.2 million in October.
- There were 10 new listings in the month of December, bringing the 2003 total to 76. The new listings declined 13.6% compared to 2002.
- 37% of the new listings or 28 companies were from the mining sector. This represented an increase of 47% compared to the 19 new mining listings in 2002. The Capital Pool program generated 38% and the technology sector accounted for 9% of the new listings.
- The regional breakdown of new listings is as follow: British Columbia (32%), Alberta (26%), Ontario (17%), Quebec (21%), Manitoba (1%) and Foreign (3%).
- In 2003, there were 46 Reverse Take Over transactions (RTOs), an increase of 27.8% compared to the 36 RTOs in 2002. There were 90 Qualifying Transactions and 57 IPOs (including CPCs).
- The S&P/TSX Venture Composite Index closed at 1,751.28 on December 31, 2003. This represented an increase of 63.1% since the beginning of 2003. The S&P/TSX Composite Index was up 24.3%, the NASDAQ Composite was up 50% and the Dow Jones Industrial Average increased 25.3% since the beginning of January 2003.
- The market capitalization for TSX Venture Exchange equities was $20.92 billion as of December 31, 2003 - an increase of 6.4% from November 2003 and an increase of 88.2% from 2002.
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.
