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Defining Moments in Canadian Tech in 2015

December 16, 2015

The technology sector on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) has been one of the fastest-growing sectors since the start of 2013. The tech sector's upward momentum is evidenced by the strong pipeline of companies going public on the Exchanges, as well as the amount of public equity capital raised in the sector.

Technology companies from Canada, the U.S. and around the world are turning to TSX and TSXV during their go-public transactions, and investor interest in the Canadian tech sector is stronger than it has been in years. In fact, this is part of a broader trend that is seeing some of the world's most exciting technology companies being founded, built and funded in Canada.

Earlier this week, our own Michael Kousaie, Head, Business Development (Technology), offered his thoughts on moments that defined the tech sector on TSX and TSXV in 2015 through a feature article on www.techvibes.com. Below is an excerpt from his piece titled, #TechIsBack‎: Reflecting on Three Words that Defined Canadian Tech in 2015:

"Was 2015 the year that tech officially made its comeback in Canada?‎ It depends on who you speak to, but for many people the last twelve months have, indeed, stood out as a remarkable time of resurgence for the sector. One four-week period, in particular, set the tone for much of the year.

It began on April 30. On that day, DH Corporation (TSX: DH), one of Canada's largest financial technology companies, completed the US$1.25 billion acquisition of a major global payments services business based in the U.S. As part of this acquisition, DH also successfully raised C$950 million in a public equity and convertible debenture offering that was one of the ten largest public follow-on offerings by a tech company ‎anywhere in North America in 2015 (as at November 30). Canadian tech was definitely on display to the world with that deal.‎

Three weeks later, on May 20, Shopify Inc. (TSX: SH) priced its C$187 million IPO on Toronto Stock Exchange (TSX) and NYSE, and became one of Canada's best performing IPOs ever and one of the top tech IPOs in North America in 2015 (measured by the first day movement in the share price)‎. And, yet again, a Canadian tech company made the headlines at home and abroad.

Less than a week later, on May 26, Stingray Digital Group Inc. (TSX: RAY.A) priced its C$140 million IPO on TSX, yet another significant capital event for a global company based in Canada."

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