Graduates
- There were 4 graduates to the Toronto Stock Exchange in June 2003. The total number of year-to-date graduates has increased to 25. This represents 45.8% of the senior market's new listings this year compared to 20.8% for the same period last year.
Financing
- As of June 30, there were 958 financing deals on the TSX venture market that raised a total of $790.7 million, an increase of 10.4% from the same time last year of $716.2 million through 1,008 financing deals.
- The average size of the financings increased from $0.71 million to $0.83 million compared to a year ago, an increase of 16.9%.
- The Mining sector led the way in financing, raising a total of $360.2 million (representing 46% of the total). The Oil & Gas sector followed with $213.9 million (representing 27% of the total). The Technology sector captured 11% of the financing with $85.5 million raised as of the end of June 2003.
- Amerigo Resources Ltd., a mining company, completed the largest single year-to-date financing deal, raising $26 million through a private placement in June 2003. Shellcase Ltd., a technology company, completed the next largest 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 7 new listings in the month of June, bringing the year-to-date total to 31. Year-to-date new listings declined 38% compared to the same period last year.
- 39% of the new listings were from the mining sector. The Capital Pool program generated 35% of the new listings.
- The regional breakdown of new listings is as follow: British Columbia (19%), Alberta (19%), Ontario (29%), Quebec (26%), Manitoba (3%) and Foreign (3%).
- As of June 30, 2003, there were 19 Reverse Take Over transactions, 46 Qualifying Transactions and 21 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,103.89 on June 30, 2003. This represented a increase of 2.8% since the beginning of 2003. The S&P/TSX Composite Index was up 5.6%, the NASDAQ Composite was up 19.7% and the Dow Jones Industrial Average increased 7.7% since the beginning of January 2003.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $11.86 billion as of June 30, 2003 - an increase of 1.4% from May 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.
