Technology sector experiences resurgence on Toronto Stock Exchange and TSX Venture Exchange in 2012
TSX and TSXV host 2012 Cantech Letter Awards to recognize top technology stocks
January 11, 2013 (TORONTO) – 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 ). 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.
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