TMX Group Inc. executives have probably set new records in one big category -- air miles -- in the past couple years as they hop around the world seeking international listings. All those marketing trips are starting to pay off.
The two equity exchanges that TMX Group runs added 71 international listings in 2010, up from a previous record of 49 in 2008. The 2010 total represents about 20 per cent of all the new listings on the Toronto Stock Exchange and the TSX Venture Exchange.
Overall mining sector listings increased to 208 in 2010, compared to the previous record of 184 in 2007, TMX said Friday.
(It bears noting that there was a glaring miss from the international and mining campaign, especially for a market that aspires to be the world's great mining market -- Toronto-based Barrick Gold chose to list its African subsidiary, African Barrick Gold, in London. Maybe the new London office of TMX can prevail on African Barrick to list in Toronto, too.)
Here are some of the other highlights of the TMX Group's year when it comes to attracting new business to Canada's main stock markets:
- The TSX added 187 new issuers, including 119 IPOs, compared to 100 new issuers, including 60 IPOs, in 2009.
- Total financings on the TSX dropped 27 per cent to $44-billion.
- However, IPO financing on the Toronto Stock Exchange more than doubled, with $10.7-billion raised in 2010, compared to $4.8-billion in 2009.
- TSX Venture Exchange added 185 new issuers.
- TSX-V had 142 IPOs, up from 72 in 2009.
- Total TSX-V financings raised during the year increased by 96 per cent over 2009.