The Canadian Securities Exchange (CSE) heralded a new milestone in its corporate listings growth, which continues to lead all Canada-based stock exchanges as it announced its market statistics for the month of July 2021.
The CSE said there were 18 new listings in the month, bringing total listed securities on the exchange to 696 as of July 31, 2021. The aggregate market value of CSE issuers was $59.4billion as of July 31, 2021, compared to $42.1 billion at year-end 2020.
Trading volume of CSE-listed securities in July totaled 2.3 billion shares and the trading value of CSE-listed securities was $1.7 billion. CSE issuers completed 73 financings that raised $261 million.
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"July was another highly positive month for the Canadian Securities Exchange. Despite being firmly in the 'dog days of summer,' our trading volume declined only slightly from the solid levels we saw in the spring, while financing numbers remained consistent with the spring figures," said Richard Carleton, CSE chief executive officer in a statement.
"The financing results for July highlight the increasing diversity of our issuers. The biggest deal was completed by Peak Fintech Group, which is involved in China's commercial lending sector. Cannabis issuers, which comprise most of our largest listings, collected 12% of the total capital raised by CSE issuers during the month
"We are also proud to announce that we achieved an impressive listing milestone this week: We now have 700 active CSE listings. It took us scarcely more than a year to jump from 600 to 700 listings, and our growth trajectory remains very strong. We are pleased that so many entrepreneurs are recognizing that the CSE offers their companies the best opportunity to achieve their capital market objectives," he added.
The CSE is a rapidly growing stock exchange focused on working with entrepreneurs to access the public capital markets in Canada and internationally. The exchange's efficient operating model, advanced technology and low fee structure help companies of all sizes minimize their cost of capital and maximize access to liquidity.
The exchange offers investors in Canada and abroad access to a multi-sector collection of growth companies through a liquid, reliable and highly regulated trading platform. It is dedicated to entrepreneurship and has established itself as a leading hub for discourse in the entrepreneurial community.
Contact the author at jon.hopkins@proactiveinvestors.com