TSX market open ceremony celebrates third-largest IPO in exchange's history
TORONTO, June 2, 2017 /CNW/ - Toronto Stock Exchange (TSX) today welcomed Kinder Morgan Canada Limited (Kinder Morgan Canada) to Canada's leading equities exchange with a market open ceremony in Toronto. The energy infrastructure company began trading on May 30, 2017 under the symbolTSX:KML.
"We are immensely proud that Kinder Morgan Canada has chosen to list on TSX as a means of funding their future success," said Nick Thadaney, President & CEO, Global Equity Capital Markets, TMX Group. "And as we mark the occasion of the third largest IPO in Toronto Stock Exchange history today, we remain steadfast in our commitment to continually improving the value proposition our markets present to all existing and prospective clients, both here in Canada and around the world."
To celebrate the listing, Ian Anderson, President, Kinder Morgan Canada, joined Mr. Thadaney to open the market earlier this morning.
TSX and TSX Venture Exchange are home to 25 Utilities & Pipelines companies with a combined market capitalization of approximately $278 billion, as at April 30, 2017.
Kinder Morgan, Inc. is one of the largest infrastructure companies in North America. Kinder Morgan Canada will operate the business, comprised of a number of pipeline systems and terminal facilities, including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westbridge marine and Vancouver Wharves terminals in B.C., as well as various crude oil loading facilities in Edmonton, Alberta.
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, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear 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 (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Israel. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
This news release is not, and should not be construed as, an invitation to purchase securities listed on TSX. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Listing on TSX does not guarantee the future performance of a security. Please seek professional advice to evaluate specific securities.
SOURCE TSX Group Inc.
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]