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CSE Reports Strong Listings Growth in May 2021 Including a Landmark IPO
Toronto, Ontario--(Newsfile Corp. - June 16, 2021) - The Canadian Securities Exchange ("CSE" o...
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[{"type":"text","content":"CSE Reports Strong Listings Growth in May 2021 Including a Landmark IPOToronto, Ontario--(Newsfile Corp. - June 16, 2021) - The Canadian Securities Exchange (\"CSE\" or \"the Exchange\") today announced its market statistics for the month of May 2021. The month was highlighted by near-record growth in listings.May 2021 Statistics● Trading volume of CSE-listed securities totaled 2.6 billion shares;● Trading value of CSE-listed securities was $2.2 billion;● CSE issuers completed 61 financings that raised approximately $262 million in aggregate;● There were 24 new listings, the second largest monthly total in the Exchange's history, bringing total CSE listings to 674; and● As a result of the growth in listings, and general appreciation in valuations, the aggregate market value of CSE issuers was $63.3 billion as at May 31, 2021, compared to $42.1 billion at year-end 2020.\"The second quarter of 2021 is on track to be one of the strongest quarters for new listings in the CSE's history,\" said Richard Carleton, CSE Chief Executive Officer. \"We continued to attract many impressive new issuers during the month of May. Among them was Ascend Wellness Holdings, which raised US$92 million through an initial public offering. The transaction valued the company at US$1.35 billion, resulting in the largest capitalized company to ever IPO on the Exchange. It is another example of how we are the preferred public market destination for leading cannabis companies.\" What's On at the CSE: Cannabis and Esports in FocusFollowing the CSE's successful recent showcases of the Canadian mining industry (Mining Over Canada) and the plant protein sector (Plant Protein: The New Age of Food), the Exchange presented the Cannabis Investor Series in May 2021. On each Tuesday in May, the CSE presented a deep dive into a different facet of the cannabis sector. The series, which was well received by market participants, featured perspectives from a diverse group of experts on the cutting edge of the sector, including executives, athletes, activists and other influencers. Full episodes of the Cannabis Investor Series, along with the CSE's other special programming, can be viewed on the Exchange's YouTube page at https://www.youtube.com/csetv.The CSE participated in the recent Benzinga Cannabis Capital Conference, a major gathering...