Toronto Stock Exchange and TSX Venture Exchange home to the highest
number of cleantech companies in the world
TORONTO, Nov. 12 /CNW/ - The cleantech and renewable power sector on Toronto Stock Exchange and TSX Venture Exchange has enjoyed strong growth in 2009 in the face of challenging economic and financing conditions. With the listing of Ram Power, Corp. in October, TMX Group equity exchanges have now surpassed $1 billion in equity financing for this fast growing sector. The year-to-date 2009 amount exceeds the full-year 2008 financings by more than 100%.
"We have made significant efforts in the cleantech sector and it is gratifying to see that Toronto Stock Exchange and TSX Venture Exchange have become the listing and financing destination of choice for large and small cleantech businesses," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange. "Our exchanges are number one in the world in mining and energy, and we are being viewed as the ideal financing markets for companies developing sustainable technologies and renewable power projects."
Also up dramatically is the number of financings; there were 73 financings year-to-date September 2009 compared to 43 at the same point in 2008, representing a 70% increase. Today there are 123 cleantech listings on the two exchanges, compared to 102 at this time in 2008.
In addition to equity financing, 2009 has also been an active year for volume of shares traded for cleantech companies, demonstrating the strength of secondary market trading on Toronto Stock Exchange and TSX Venture Exchange. Volume traded as at September 30, 2009 was up 21% compared to the same period in 2008.
On November 3, 2009, Toronto Stock Exchange held its third Cleantech Investor Day in Montreal, where leading public and private cleantech and renewable power companies met with members of the Canadian financial and investment community. The archived event webcast can be viewed at the following link on the TMX Group website: http://www.tmxmoney.com/en/sector_profiles/cleantech.html
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, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
SOURCE TMX Group Limited
For further information: For further information: Carolyn Quick, Director, Corporate Communications, (416) 947-4597, email@example.com