- There were 5 graduates to the Toronto Stock Exchange in August 2004, bringing the total number of YTD graduates to 44. These graduates represent 35.2% of the senior market's new listings this year compared to 44.2% for the same period last year.
- So far in 2004, 13 TSX Venture companies have been acquired/merged with TSX listed companies.
Year-To-Date Financing
- As of the end of August, there were 1,470 financing deals on TSX Venture, raising a total of $2.9 billion, an increase of approximately 158.5% compared to last year’s numbers of $1.1 billion through 1,291 financing deals.
- Year-over-year, the average size of the financings has increased from $0.86 million to $1.95 million, an increase of 126.7%.
- So far this year, the Mining sector is leading the way in financing, raising a total of $1.6 billion (representing 56% of the total). The Oil & Gas sector is second with $662.2 million (representing 23% of the total). The Technology sector has captured 7% of the financing with $195.7 million raised.
- South Atlantic Ventures Ltd., a mining company, completed the largest single financing year-to-date, raising $160 million through a public offering deal in June. EuroZinc Mining Corporation, another mining company, completed the next largest single financing year-to-date, raising $78.5 million through a private placement deal in April 2004.
Year-to-Date Going Public Activity
- There were 11 new listings in the month of August. Year-to-date new listings have increased 129.3% compared to the same period in 2003.
- The Capital Pool program has generated 57% of the new listings, 20% have come from the Mining sector and 10% have come from the Oil & Gas sector.
- The regional breakdown of new listings is as follows: Alberta (28%), British Columbia (20%), Ontario (20%), Quebec (22%), Manitoba (2%), Atlantic Canada (1%) and Foreign (7%).
- As of August 31, 2004, there were 18 Reverse Take Over transactions, 45 Qualifying Transactions and 75 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,524.79 on August 31, 2004, a decrease of 12.9% from the beginning of 2004. The S&P/TSX Composite Index was up 1.9%, the NASDAQ Composite decreased 8.3% and the Dow Jones Industrial Average decreased 2.7% over the same period.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $20.31 billion as of August 31, 2004 – an increase of 4.8% from July 2004 and an increase of 49.0% from the same period last year.
About TSX Group Inc.
TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets as well as NGX, a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx and TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
