2013 Cantech Letter Award Winners Open the Market
TORONTO, Jan. 17, 2014 /CNW/ - In 2013, the market value of the
innovation sector, which includes technology, clean technology and life
sciences companies, grew over 50% on Toronto Stock Exchange (TSX) and
TSX Venture Exchange (TSXV).
TSX and TSXV welcomed 31 new listings in the sector in 2013; and the top
50 innovation issuers, ranked by market capitalization as at December
31, 2013, had an average share price appreciation of 69%. More than
65% of these companies saw their share price increase by over 20%.
"Our technology, clean technology and life sciences issuers have
demonstrated sustained growth over the past year," said Ungad Chadda,
Senior Vice President, Toronto Stock Exchange. "We are proud to have
welcomed issuers from around the world in 2013, including seven from
the U.S., one from Israel and one from Australia."
In 2013, innovation companies raised $6 billion of new equity capital
through a total of 280 financing transactions. Nearly 400 innovation
companies are listed on TSX and TSXV with a combined market
capitalization of over $135 billion, as at December 31, 2013.
The Exchanges are a proud sponsor of the inaugural Cantech Investment
Conference held yesterday in Toronto, as well as the 2013 Cantech
Letter Awards also held yesterday. The awards recognize excellence in
Canadian technology, clean technology and life sciences stocks and are
voted on by a panel of Canadian equity analysts. To celebrate the
awards, Nick Waddell, Founding Editor, Cantech Letter, will join Mr.
Chadda, as well as the award winners to open trading this morning at
9:30 a.m. ET.
For Market Openings: Media may pick up a feed from the TOC (television operations centre)
for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at TMX and sent live to the Toronto TOC. The client
moves into position for the market open ceremony at approximately 9:27
a.m. and the markets will open with the sound of a SIREN (the
traditional market open on Toronto Stock Exchange)
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets 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, Boston Options
Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group
companies provide listing markets, trading markets, clearing
facilities, 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.
