TMX Group Equity Financing Statistics - November 2025

Rhea-AI Summary

TMX Group (TMXXF) published equity financing statistics for November 2025 covering TSX and TSX Venture Exchange.

Key monthly figures: TSX total financings were $4.25B (43 deals), down 9% month-over-month but up 428% year-over-year; TSXV total financings were $1.83B (153 deals), up 48% month-over-month and up 297% year-over-year. Year-to-date 2025 combined totals show TSX total financings YTD $20.26B (+35.5% vs 2024) and TSXV total financings YTD $8.52B (+102.3% vs 2024).

The release lists new issuers for November 2025 and links to consolidated monthly trading statistics.

Positive

• TSX total financings November $4.248B, up 428% YoY
• TSXV total financings November $1.827B, up 297% YoY
• TSX YTD total financings $20.257B, +35.5% vs 2024
• TSXV YTD total financings $8.524B, +102.3% vs 2024
• TSX market cap listed issues $6.215T as of November 2025

Negative

• TSX total number of financings fell MoM to 43 from 84
• TSX new issuers in November 15, down from 51 in October
• TSXV new issuers YTD down 21.7% to 36 from 46

Key Figures

TSX Nov total financings $4,248,442,103 November 2025 TSX total financings raised

TSXV Nov total financings $1,826,634,758 November 2025 TSXV total financings raised

TSX YTD total financings 2025 $20,257,474,996 Year-to-date 2025 TSX total financings, +35.5% vs 2024

TSXV YTD total financings 2025 $8,524,246,710 Year-to-date 2025 TSXV total financings, +102.3% vs 2024

TSX IPO financings Nov $14,888,218 November 2025 TSX IPO financings raised

TSXV secondary financings Nov $442,073,816 November 2025 TSXV secondary financings raised

TSX market cap Nov $6,214,775,374,204 Market cap of TSX listed issues, November 2025

TSXV market cap Nov $134,025,734,488 Market cap of TSXV listed issues, November 2025

Market Reality Check

$37.56 Last Close

Volume Volume 4,462 is at 0.28x the 20-day average of 15,979, indicating light trading ahead of this release. low

Technical Shares traded at $37.68, slightly above the 200-day MA of $37.34, and about 10.69% below the 52-week high.

Peers on Argus

Key global exchange peers showed modest gains with JAPAN EXCH GRP +0.36%, LONDON STOCK EX +0.34%, HONG KONG EX +0.66%, and OTC MARKETS +0.39%, while TMX Group moved +0.11%, suggesting largely stock-specific, data-driven interest.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Financing statistics	Positive	+1.1%	November 2025 TSX and TSXV financing volumes and new listings update.
Dec 04	Trading statistics	Positive	+1.0%	November 2025 consolidated volume, value, and segment performance data.
Dec 03	Operating schedule	Neutral	-0.5%	Publication of December 2025–January 2026 holiday trading hours.
Nov 12	Financing statistics	Positive	+4.0%	October 2025 TSX and TSXV equity financing and listing statistics.
Nov 07	Trading statistics	Positive	+1.5%	October 2025 consolidated trading metrics across TMX marketplaces.

Pattern Detected

Operational statistics and financing updates have generally been followed by modestly positive price reactions, with only a small divergence on a neutral holiday-schedule update.

Recent Company History

Over the last months, TMX Group issued several operational updates. October and November 2025 equity financing releases showed strong financing totals for TSX and TSXV, including TSX YTD financings of $20.26B and TSXV YTD financings of $8.52B. Consolidated trading statistics for October and November highlighted higher volumes and values across markets. A holiday operating schedule on Dec 3 was more informational. The current November 2025 financing release continues this cadence of detailed market-activity disclosures.

Market Pulse Summary

This announcement details November 2025 equity financing activity across TSX and TSXV, highlighting total financings of $4.25B on TSX and $1.83B on TSXV, plus strong year-to-date totals of $20.26B and $8.52B. It continues a series of operational updates on financing and trading volumes. Investors may track trends in new listings, deal counts, and market-cap growth over time, comparing future monthly statistics with the elevated 2025 levels outlined here.

Key Terms

ipo financial

"IPOs | 13 | 39 | 12"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

secondary financings financial

"Secondary Financings Raised | $3,194,914,885 | $3,651,517,930"

Secondary financings are later rounds of selling a company’s stock or other securities after the initial public offering, either by issuing new shares to raise cash or by existing holders selling their shares. They matter to investors because they can dilute existing ownership and affect share prices, or provide liquidity and signal how urgently a company needs capital—like adding more seats on a bus, which can lower each passenger’s share of space but lets more people ride.

supplemental financings financial

"Supplemental Financings Raised | $1,038,639,000 | $42,006,875"

Supplemental financings are additional rounds of funding a company raises after its main financing, such as extra stock offerings, loans, or convertible notes. Investors should care because these moves change how ownership and cash are shared—like adding more slices to a pizza, each existing slice can get smaller—and they can signal whether a company needs more cash to continue operations or fund growth, affecting share value and risk.

capital pool company financial

"The new listings were two mining companies and one Capital Pool company."

A capital pool company is a publicly listed shell set up to raise initial funding and then merge with a private business so that the private firm can become public without a traditional IPO. For investors, it’s like backing a blank-check vehicle: you’re buying into an early-stage, high‑uncertainty opportunity that can deliver big gains if the merger creates value but also carries greater risk, limited operating history and potential for dilution, so careful scrutiny is essential.

prospectus offerings financial

"Secondary financings include prospectus offerings on both a treasury"

A prospectus offering is a public sale of securities (like stocks or bonds) that comes with a formal document — the prospectus — which explains what is being sold, the company’s finances, how the money will be used, and the main risks. For investors it’s the primary source of full, regulated information to judge whether the investment fits their goals, similar to reading a detailed product brochure before buying an expensive item.

AI-generated analysis. Not financial advice.

Toronto Stock Exchange, TSX Venture Exchange

Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for November 2025.

TSX welcomed 15 new issuers in November 2025, compared with 51 in the previous month and 14 in November 2024. The new listings were 13 exchange traded products, one mining company and one industrial products & services company. Total financings raised in November 2025 decreased 9% compared to the previous month, but were up 428% compared to November 2024. The total number of financings in November 2025 was 43, compared with 84 in the previous month and 33 in November 2024.

For additional data relating to the number of transactions billed for TSX, please click on the following link: https://www.tmx.com/resource/en/440.

There were three new issuers on TSXV in November 2025, compared with six in the previous month and three in November 2024. The new listings were two mining companies and one Capital Pool company. Total financings raised in November 2025 increased 48% compared to the previous month, and were up 297% compared to November 2024. There were 153 financings in November 2025, compared with 133 in the previous month and 106 in November 2024.

TMX Group consolidated trading statistics for November 2025 can be viewed at www.tmx.com.

Toronto Stock Exchange

	November 2025	October 2025	November 2024
Issuers Listed	2,019	2,019	1,829
New Issuers Listed	15	51	14
IPOs	13	39	12
Graduates from TSXV	1	1	2
Issues Listed	2,683	2,676	2,479
IPO Financings Raised	$14,888,218	$974,600,988	$318,000,155
Secondary Financings Raised	$3,194,914,885	$3,651,517,930	$487,095,441
Supplemental Financings Raised	$1,038,639,000	$42,006,875	$0
Total Financings Raised	$4,248,442,103	$4,668,125,793	$805,095,596
Total Number of Financings	43	84	33
Market Cap Listed Issues	$6,214,775,374,204	$6,022,803,523,887	$5,072,609,200,705

 

Year-to-date Statistics

	2025	2024	% change
New Issuers Listed	291	141	+106.4
IPOs	255	127	+100.8
Graduates from TSXV	9	9	0.0
IPO Financings Raised	$2,522,244,466	$1,322,122,470	+90.8
Secondary Financings Raised	$12,675,180,322	$11,682,642,864	+8.5
Supplemental Financings Raised	$5,060,050,208	$1,949,272,144	+159.6
Total Financings Raised	$20,257,474,996	$14,954,037,478	+35.5
Total Number of Financings	550	394	+39.6
Market Cap Listed Issues	$6,214,775,374,204	$5,072,609,200,705	+22.5

 

TSX Venture Exchange**

	November 2025	October 2025	November 2024
Issuers Listed	1,781	1,795	1,873
New Issuers Listed	3	6	3
IPOs	1	4	1
Graduates to TSX	1	1	2
Issues Listed	1,842	1,858	1,942
IPO Financings Raised	$750,000	$3,705,000	$3,000,000
Secondary Financings Raised (1)	$442,073,816	$223,478,525	$148,840,040
Supplemental Financings Raised	$1,383,810,942	$1,011,571,573	$307,712,620
Total Financings Raised	$1,826,634,758	$1,238,755,098	$459,552,660
Total Number of Financings	153	133	106
Market Cap Listed Issues	$134,025,734,488	$132,098,865,302	$86,838,098,291

 

Year-to-date Statistics

	2025	2024	% Change
New Issuers Listed	36	46	-21.7
IPOs	11	12	-8.3
Graduates to TSX	9	9	0.0
IPO Financings Raised	$18,189,685	$10,587,540	+71.8
Secondary Financings Raised (1)	$1,745,888,916	$980,426,117	+78.1
Supplemental Financings Raised	$6,760,168,109	$3,223,447,656	+109.7
Total Financings Raised	$8,524,246,710	$4,214,461,313	+102.3
Total Number of Financings	1,236	1,062	+16.4
Market Cap Listed Issues	$134,025,734,488	$86,838,098,291	+54.3

 

**Includes NEX (not applicable to New Issuers Listed, IPOs and IPO Financings Raised)

(1) Secondary financings include prospectus offerings on both a treasury and secondary basis.

The information contained in this media release is provided for informational purposes only and is not intended to provide investment, trading, financial or other advice. Comparative data has been updated to reflect known corrections.

TMX Group welcomes the following companies that listed during November 2025:

Toronto Stock Exchange

Issuer Name	Company Symbol
Beyond Oil Ltd.	BOIL
CIBC Balanced ETF Portfolio	CBLN
CIBC Balanced Growth	CGRW
CIBC Conservative ETF Portfolio	CCON
Hermès CDR (CAD Hedged)	HRMS
L'Oréal CDR (CAD Hedged)	LORL
LVMH CDR (CAD Hedged)	LVMH
Novo Nordisk CDR (CAD Hedged)	NOVO
Outcrop Silver & Gold Corporation	OCG
Rocklinc Principled Equity ETF	RKLC
Sanofi CDR (CAD Hedged)	SNY
SavvyShort (-2X) Shopify ETF	SHPD
Schneider Electric CDR (CAD Hedged)	SCHN
TotalEnergies CDR (CAD Hedged)	TTES
TRU.X Exogenous Risk Pool	TERP

 

TSX Venture Exchange

Issuer Name	Company Symbol
Andina Copper Corporation	ANDC
Atlantic Horizon Capital Corp.	ATLH.P
Summit Royalties Ltd.	SUM

 

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx, TMX VettaFi and TMX Newsfile, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information, please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277344

FAQ

What were TMX Group TMXXF reported TSX total financings in November 2025?

TSX total financings in November 2025 were $4,248,442,103 across 43 financings.

How did TSXV financings for November 2025 compare month-over-month for TMXXF?

TSXV total financings rose 48% month-over-month to $1,826,634,758 in November 2025.

What is the TMX Group TMXXF year-to-date change in total financings for 2025?

Year-to-date 2025 total financings on TSX were $20.257B, up +35.5% versus 2024.

How many new issuers listed on TSX and TSXV in November 2025 (TMXXF)?

In November 2025 TMX reported 15 new issuers on TSX and 3 new issuers on TSXV.

What was TSX market capitalization reported by TMX Group for November 2025?

TSX market cap of listed issues was reported at $6,214,775,374,204 as of November 2025.

Where can investors find TMX Group TMXXF consolidated trading statistics for November 2025?

Consolidated trading statistics for November 2025 are available at www.tmx.com.