Real Estate Sector Excels on Toronto Stock Exchange and TSX Venture Exchange
May 1, 2013 (TORONTO) – Real estate was one of the most active sectors on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) in 2012 and for the first quarter of 2013.
So far in 2013, over $2.0 billion in equity capital has been raised and six IPOs have been completed in the sector. Furthermore, the biggest IPO on TSX in the first quarter was a US-based real estate investment trust, Milestone Apartments REIT, which raised $229 million in early March.
"Toronto Stock Exchange and TSX Venture Exchange, together form one of the most active exchange groups in the world for the public real estate sector," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange. "Real estate companies from all over the world have started to look more closely at their options for listing and raising growth capital in Canada."
2012 was a record year on all accounts for the real estate sector on our Exchanges. Last year, the Exchanges welcomed 13 new real estate listings, bringing the total number of real estate companies listed on both platforms to 84 with a combined market capitalization of $75 billion. Over $7.2 billion in equity financing was raised and the sector accounted for over 15% of total IPO issuance.
Both TSX and TSXV support the growth of the real estate sector in Canada. The Exchanges recently hosted a real estate bootcamp, "Growth Platforms for Global Real Estate Companies", for companies considering raising growth capital in Canada. The full-day event provided expert panels discussing finance and best practices with leading Canadian advisors and deal makers, as well as an opportunity to meet with top institutional real estate investors. The event also showcased four public real estate companies who shared their "go-public" stories and offered advice based on their personal experiences.
For more information about the real estate sector, please visit tmx.com/realestate.
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, BOX 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 http://www.tmx.com. Follow TMX Group on Twitter at https://twitter.com/tmxgroup.