TORONTO, May 1, 2013 /CNW/ - Real estate was one of the most active
sectors on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV)
in 2012 and for the first quarter of 2013.
So far in 2013, over $2.0 billion in equity capital has been raised and
six IPOs have been completed in the sector. Furthermore, the biggest
IPO on TSX in the first quarter was a US-based real estate investment
trust, Milestone Apartments REIT, which raised $229 million in early
March.
"Toronto Stock Exchange and TSX Venture Exchange, together form one of
the most active exchange groups in the world for the public real estate
sector," said Ungad Chadda, Senior Vice President, Toronto Stock
Exchange. "Real estate companies from all over the world have started
to look more closely at their options for listing and raising growth
capital in Canada."
2012 was a record year on all accounts for the real estate sector on our
Exchanges. Last year, the Exchanges welcomed 13 new real estate
listings, bringing the total number of real estate companies listed on
both platforms to 84 with a combined market capitalization of $75
billion. Over $7.2 billion in equity financing was raised and the
sector accounted for over 15% of total IPO issuance.
Both TSX and TSXV support the growth of the real estate sector in
Canada. The Exchanges recently hosted a real estate bootcamp, "Growth
Platforms for Global Real Estate Companies", for companies considering
raising growth capital in Canada. The full-day event provided expert
panels discussing finance and best practices with leading Canadian
advisors and deal makers, as well as an opportunity to meet with top
institutional real estate investors. The event also showcased four
public real estate companies who shared their "go-public" stories and
offered advice based on their personal experiences.
For more information about the real estate sector, please visit tmx.com/realestate.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers,
Equicom and other TMX Group companies provide listing markets, trading
markets, clearing facilities, depository services, data products and
other services to the global financial community. TMX Group is
headquartered in Toronto and operates offices across Canada (Montreal,
Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston
and Chicago) as well as in London, Beijing and Sydney. For more
information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX Group Inc.
