Graduates
- There were 4 graduates to the Toronto Stock Exchange in November 2003. The total number of year-to-date graduates has increased to 44. This represents 38.9% of the senior market's new listings this year compared to 22.9% for the same period last year.
- Additionally, 10 TSX Venture companies were acquired/merged with TSX listed companies in 2003.
Year-To-Date Financing
- As of the end of November, there were 1,939 financing deals on TSX Venture that raised a total of $1.89 billion, an increase of 44.8% from the same time last year of $1.3 billion through 1,723 financing deals.
- The average size of the financings increased from $0.75 million to $0.97 million compared to a year ago, an increase of 29.3%.
- The Mining sector led the way in financing, raising a total of $921.9 million (representing 49% of the total). The Oil & Gas sector followed with $463.8 million (representing 25% of the total). The Technology sector captured 8% of the financing with $151 million raised as of the end of November 2003.
- InterOil Corporation, a company that specializes in refining petroleum, completed the largest single year-to-date financing, 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.
Going Public Activity
- There were 10 new listings in the month of November, bringing the year-to-date total to 66. Year-to-date new listings declined 14.3% compared to the same period last year.
- 36% 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 9% of the new listings.
- The regional breakdown of new listings is as follow: British Columbia (33%), Alberta (24%), Ontario (18%), Quebec (20%), Manitoba (2%) and Foreign (3%).
- As of November 28, 2003, there were 38 Reverse Take Over transactions, 80 Qualifying Transactions and 50 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,690.45 on November 28, 2003. This represented an increase of 57.4% since the beginning of 2003. The S&P/TSX Composite Index was up 18.8%, the NASDAQ Composite was up 46.8% and the Dow Jones Industrial Average increased 17.3% since the beginning of January 2003.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $19.67 billion as of November 28, 2003 - an increase of 13.2% from October 2003 and an increase of 98.3% from the same period last year.
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.
