Toronto Stock Exchange Welcomes Dye & Durham
Toronto legal software provider to celebrate IPO with a virtual market open ceremony today
July 17, 2020 (TORONTO) - Toronto Stock Exchange (TSX) announced today that Dye & Durham Limited (Dye & Durham), a Canadian-based leading provider of cloud-based software and technology solutions, will begin trading this morning under the symbol TSX:DND.
To celebrate the listing, Matthew Proud, CEO, Dye & Durham, will join John McKenzie, Interim CEO and CFO, TMX Group, to virtually open the market today at 9:30 a.m. ET. Total proceeds from the initial public offering (IPO) is $150 million.
"On behalf of Toronto Stock Exchange, we congratulate the Dye & Durham team on their IPO. We are proud to welcome a homegrown Canadian innovation story to our market," said Mr. McKenzie. "Technology and innovation companies are increasingly turning to our unique, two-tiered capital formation ecosystem to gain access to global investors and the vital capital they need to fund their business strategy and achieve their growth objectives. TMX remains committed to enabling the long-term success of these visionary growth companies and to providing investors with opportunities to participate in their success."
Dye & Durham has grown to 350 employees in Canada and the United Kingdom and serves blue chip customers including many of Canada's largest legal firms, financial institutions, and government organizations.
As at June 30, 2020, there were 439 technology and innovation companies listed on both TSX and TSX Venture Exchange with a combined market capitalization of almost $362 billion.
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. To pick up the feed via the Dejero network, please contact avservices@tmx.com. The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET.
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, and Trayport 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 and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
For more information please contact:
Catherine Kee
Senior Manager, Corporate Communications & Media Relations
TMX Group
416-814-8834
catherine.kee@tmx.com
This news release is not, and should not be construed as an invitation to purchase the referenced securities or other 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 or an issuer. Please seek professional advice to evaluate specific securities.