Technology and Innovation Sector Sustains Growth Trajectory in 2013

January 17, 2014

In 2013, the market value of the innovation sector, which includes technology, clean technology and life sciences companies, grew over 50% on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV).

TSX and TSXV welcomed 31 new listings in the sector in 2013; and the top 50 innovation issuers, ranked by market capitalization as at December 31, 2013, had an average share price appreciation of 69%. More than 65% of these companies saw their share price increase by over 20%.

"Our technology, clean technology and life sciences issuers have demonstrated sustained growth over the past year," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange. "We are proud to have welcomed issuers from around the world in 2013, including seven from the U.S., one from Israel and one from Australia."

In 2013, innovation companies raised $6 billion of new equity capital through a total of 280 financing transactions. Nearly 400 innovation companies are listed on TSX and TSXV with a combined market capitalization of over $135 billion, as at December 31, 2013.

The Exchanges are a proud sponsor of the inaugural Cantech Investment Conference held yesterday in Toronto, as well as the 2013 Cantech Letter Awards also held yesterday. The awards recognize excellence in Canadian technology, clean technology and life sciences stocks and are voted on by a panel of Canadian equity analysts. To celebrate the awards, Nick Waddell, Founding Editor, Cantech Letter, will join Mr. Chadda, 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 1 (SD-SDI) and is produced at TMX and sent live to the Toronto TOC. The client moves 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)

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