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Canadian Securities Exchange Reports Strong Trading Activity, Record Financing Volume, IPOs and Continued Listings Growth in the First Half of 2020
Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - The Canadian Securities Exchange ("CSE" o...
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[{"type":"text","content":"Canadian Securities Exchange Reports Strong Trading Activity, Record Financing Volume, IPOs and Continued Listings Growth in the First Half of 2020Major acceleration in trading and financing activity in May and JuneToronto, Ontario--(Newsfile Corp. - July 23, 2020) - The Canadian Securities Exchange (\"CSE\" or \"the Exchange\") today announced positive performance metrics for the first half of 2020 (\"H1 2020\"). Trading and financing activity among CSE issuers remained strong amid the severe economic disruption related to the COVID-19 pandemic, with an acceleration of activity in May and June. The Exchange also continued to generate solid listings growth and lead all Canadian stock exchanges in initial public offerings (\"IPOs\"), while further expanding its content offerings and engagement across its digital platforms.Key First Half 2020 StatisticsCSE issuers completed 521 financings, a record for any six-month period in the Exchange's history. Issuers completed 425 financings in the second half of 2019 (\"H2 2019\"), and 405 financings in the first half of 2019 (\"H1 2019\");The capital raised by CSE issuers totaled $1.7 billion, compared to $1.0 billion in H2 2019 and $2.1 billion in H1 2019:Total trading volume was 10.74 billion shares, compared to 7.49 billion shares in H2 2019 and 11.88 billion shares in H1 2019;Total value of traded securities was $4.8 billion, compared to $7.3 billion in H2 2019 and $14.0 billion in H1 2019;The CSE had 591 listed securities as at June 30, 2020, an increase of 15% compared to 514 as at June 30, 2019; andThe aggregate market value of CSE issuers was $18.7 billion as at June 30, 2020.\"We are pleased by the high volume of trading and financing activity we witnessed during this difficult period, especially in the last couple of months as retail investor activity increased sharply,\" said Richard Carleton, CSE Chief Executive Officer. \"It is gratifying to see our issuers raising capital across a wide range of industries, including businesses looking to address the major global challenges related to COVID-19. Our results demonstrate that the Canadian Securities Exchange is truly the best public market option for entrepreneurs seeking cost-effective growth capital.\"The CSE added 45 new listings in H1 2020. Fifteen of those listings came through IPOs, which amounted to 43% of all the IPOs co...