TMX Group Ltd., the parent company of the Toronto Stock Exchange, closed at its highest level since July 2020 after posting revenue and earnings that beat analysts’ expectations, thanks to a boom in listings and corporate financing.
Chief Executive Officer John McKenzie said the second quarter continued a “capital markets renaissance,” as an increasing number of companies have found investors receptive to their initial public offerings and follow-on equity deals. The trend looks set to continue for some time as the IPO pipeline remains “very robust,” he said.
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August 05, 2021 at 06:17AM
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Toronto Exchange CEO Hails 'Robust' IPO Outlook; Shares Jump - Bloomberg
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