Exchange to celebrate landmark technology IPO with market open ceremony on May 4
April 26, 2018 (TORONTO) - TMX Group announced today that Ceridian HCM Holding Inc. (Ceridian), a global human capital management (HCM) technology company headquartered in the United States, commenced trading on Toronto Stock Exchange (TSX) under the symbol TSX:CDAY. Ceridian's initial public offering (IPO) raised US$462 million, making it the largest technology company (by initial market capitalization) to ever IPO in Canada. The IPO is also among the 25 largest corporate IPOs in TSX history.
"I am extremely proud of our Canadian heritage. With almost 2,000 employees and the majority of our leadership team here, we are committed to advancing technology innovation in Canada," said David Ossip, Chairman and CEO, Ceridian. "Ceridian's listing on the Toronto Stock Exchange validates this commitment as we continue to disrupt the human capital management market and make work life better for people in Canada and around the world."
"We are proud to welcome Ceridian, a company championing progressive change for businesses across the world, to TSX," said Loui Anastasopoulos, President, Capital Formation, TMX Group. "Supporting the vibrant growth of technology companies around the world is a primary objective for TMX's capital formation ecosystem and we continue to seek out innovative solutions to address the needs of our domestic and international clients."
To celebrate the listing, Mr. Ossip will join Lou Eccleston, CEO, TMX Group to open trading on May 4, 2018 at 9:30 a.m.
Ceridian's flagship cloud HCM platform, Dayforce, provides human resources, payroll, benefits, workforce management, and talent management capabilities in a single solution. Ceridian provides solutions for organizations of all sizes, from small businesses to global organizations in over 50 countries.
There are 421 technology and innovation companies listed on TSX and TSXV with a combined market capitalization of over $193 billion, as of March 31, 2018.
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies 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, Beijing and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
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This news release is not, and should not be construed as, an invitation to purchase securities listed on TSX. TMX Group and its affiliates do not endorse or recommend any of the referenced securities nor should any statement in this news release be construed as advice regarding a broad investment strategy. Listing on TSX does not guarantee the future performance of a security. Please seek professional advice to evaluate specific securities.