The Canadian Securities Exchange welcomed its 500th company to the stock market in the third quarter of 2019 as the exchange continued to see strong trading volumes in 2019.
The total value of traded securities reached a record C$18.6 billion in the year to date 2019, a 29% increase from the C$14.4 billion during the comparable 9-month period in 2018.
The CSE led all Canadian stock exchanges in initial public offerings in YTD 2019. Of the 29 Canadian IPOs completed during the period, 22 were completed on the CSE, the exchange said in a statement.
Cannabis companies led the way in capital raising, accounting for nearly 81% of the financings on the CSE so far in 2019.
The exchange’s CEO Richard Carleton said that the exchange is establishing itself as a major global stock exchange.
"Like other emerging exchanges, we began with a mandate to extend capital raising and liquidity to a new generation of companies, often in unique market segments, that incumbent marketplaces were unwilling to serve,” Carleton said in a statement.
“After 15 years of tremendous growth, we are now attracting larger, more mature companies onto our platform than we ever have in the past.”
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