The TMX Group (TSX:X) today announced that the Toronto Stock Exchange and the TSX Venture Exchange were first in the world for new listings amongst all global exchanges last year. This was the fourth consecutive year the TMX topped the list, which is compiled by the World Federation of Exchanges (WFE).
The TMX welcomed 293 new listings in 2012, consisting of 132 new issuers from the TSX and 161 new issuers from the Venture Exchange. The TMX Group was also third in the world for new international listings in 2012, with 31. The London Stock Exchange topped the list at 33, followed by the NYSE Euronext at 32.
Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group said the ranking was the result of focus on new listings.
“We are extremely proud to be a premier listing destination and to once again rank among the world’s top performing exchanges,” he said. “We are fully dedicated to attracting new issuers and to providing the companies on our markets with the access to capital they need to achieve their business objectives.”
The TMX ranked highly when measured by other metrics. The exchanges were third in the world for equity raised, the $56.3 billion total moved it up from sixth in 2011. The WFE also ranked the TMX Group seventh in the world in terms of total market capitalization in 2012.
This past summer, The Maple Group, a consortium of Canadian funds and financial firms, acquired 91% of the shares in the TMX Group, securing a $3.7 billion buyout of the exchanges. The Maple Group subsequently changed it name to TMX Group Limited.
At press time, shares of the TMX Group were up 1.4% to $53.38.