TSX and TSXV host 2012 Cantech Letter Awards to recognize top technology
TORONTO, Jan. 11, 2013 /CNW/ - During 2012, the technology sector
experienced a resurgence in Canada. The top 35 technology issuers,
ranked by market capitalization at December 31, 2012, had an average
share price appreciation of 31% in 2012. More than half of these
companies saw their share price increase by over 20% and only seven saw
their share price decrease in 2012.
"We are proud of the momentum our technology issuers showed in 2012,"
said Kevan Cowan, President, TSX Markets and Group Head of Equities.
"Over 30% of the technology companies on TSX are graduates of TSXV,
which is a testament to our unique two-tier exchange system. We support
our issuers throughout the going public process and beyond. In doing
so, we are pleased to see such strong investor interest in our
world-class technology issuers."
Technology companies at different stages of growth continued to have
strong access to capital throughout 2012. Technology issuers raised
$1.3 billion of new equity capital in over 55 financings. Over 170
technology companies are listed on TSX and TSXV with a combined market
capitalization of over $45 billion, as of December 31, 2012.
Both TSX and TSXV actively support the technology start-up community in
Canada. The Exchanges are a proud sponsor of the 2012 Cantech Letter
Awards, which were announced earlier this morning (for winners please
visit www.cantechletter.com). These awards recognize excellence in
Canadian technology stocks and are voted on by a panel of Canada's top
technology analysts. To celebrate the awards, Nick Waddell, Founding
Editor, Cantech Letter, will join Mr. Cowan, 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 2 and is
produced at the TMX Broadcast Centre and sent live to the TOC. Those
featured in the market opening move 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) at 9:30 a.m.
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, Boston 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.
For further information:
Manager, Corporate Communications