TSX:XCapital Markets
Did June’s Listing Surge Just Recast TMX Group’s (TSX:X) Capital Formation Engine and Earnings Potential?
In June 2026, TMX Group reported financing activity on the Toronto Stock Exchange and TSX Venture Exchange that included 31 new issuers and a sharp month-over-month jump in total financings, drawing fresh attention to its role in Canadian capital formation.
This renewed activity has intensified debate over whether TMX Group’s current premium valuation is supported by its earnings power, margins, and investments in digital platforms.
We’ll now examine how June’s uptick in new listings and...