Graduates
- There were 4 graduates to the Toronto Stock Exchange in May 2003. The total number of YTD graduates has increased to 21. This represents 47.6% of the senior market's new listings this year compared to 14.6% for the same period last year.
Financing
- As of May 30, there were 835 financing deals on the TSX venture market that raised a total of $661.8 million, an increase of 20.4% from the same time last year of $549.8 million through 905 financing deals.
- The average size of the financings increased from $0.61 million to $0.79 million compared to a year ago, an increase of 29.5%.
- The Mining sector led the way in financing, raising a total of $300.5 million (representing 45% of the total). The Oil & Gas sector followed with $176.4 million financing (representing 27% of the total). The Technology sector captured 11% of the financing market with $72.6 million raised as of the end of May 2003.
- Celtic Exploration Ltd., an oil & gas company, completed the largest financing deal in the month of May, raising $17.8 million through a private placement. Shellcase Ltd., a technology company, completed the largest single year-to-date financing, raising USD $13.2 million in February (approximately CDN $20.0 million) through a private placement.
Going Public Activity
- There were 9 new listings in the month of May. Year-to-date new listings declined 41.5% compared to the same period last year.
- The Capital Pool program generated 46% of the new listings. 38% of the new listings were from the mining sector.
- The regional breakdown of new listings is as follow: British Columbia (17%), Alberta (17%), Ontario (29%), Quebec (33%) and Manitoba (4%).
- As of May 30, 2003, there were 15 Reverse Take Over transactions, 36 Qualifying Transactions and 17 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,090.37 on May 30, 2003. This represented an increase of 1.5% since the beginning of 2003. The S&P/TSX Composite Index was up 3.7%, the NASDAQ Composite was up 17.7% and the Dow Jones Industrial Average increased 6.1% since the beginning of January 2003.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $11.69 billion as of May 30, 2003 - an increase of 2.7% from April 2003.
About TSX Group
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.
