- There were 9 graduates to the Toronto Stock Exchange in July 2004, bringing the total number of YTD graduates to 39. These graduates represent 33.3% of the senior market's new listings this year compared to 45.3% for the same period last year.
- So far in 2004, 12 TSX Venture companies have been acquired/merged with TSX listed companies.
Year-To-Date Financing
- As of the end of July, there were 1,331 financing deals on TSX Venture, raising a total of $2.6 billion, an increase of approximately 172.8% compared to last year’s numbers of $961.3 million through 1,143 financing deals.
- Year-over-year, the average size of the financings has increased from $0.84 million to $1.97 million, an increase of 135%.
- So far this year, the Mining sector is leading the financing, raising a total of $1.5 billion (representing 57% of the total). The Oil & Gas sector is second with $585.2 million (representing 22% of the total). The Technology sector has captured 7% of the financing with $187.9 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 in April 2004.
Going Public Activity
- There were 15 new listings in the month of July. Year-to-date new listings have increased 124.3% compared to the same period in 2003.
- The Capital Pool program has generated 58% of the new listings: 22% 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 (22%), Ontario (19%), Quebec (23%), Manitoba (2%), Atlantic Canada (1%) and Foreign (5%).
- As of July 30, 2004, there were 17 Reverse Take Over transactions: 38 Qualifying transactions and 68 IPOs (including CPCs).
Index
- The S&P/TSX Venture Composite Index closed at 1,507.88 on July 30, 2004, a decrease of 13.9% from the beginning of 2004. The S&P/TSX Composite Index was up 2.9%, the NASDAQ Composite decreased 5.8% and the Dow Jones Industrial Average decreased 3.0% over the same period.
Market Capitalization
- The market capitalization for TSX Venture Exchange equities was $19.37 billion as of July 30, 2004 – a decrease of 6.3% from June 2004 and an increase of 55.8% 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.
