Source: The Canadian Press

The TMX Group (TSX:X), operators of Canada’s major stock markets, says initial public offerings on the Toronto Stock Exchange rose “dramatically” in November as the overall value of issues listed on the main board topped $2 trillion.

Eighteen new issuers listed on the TSX in November, bringing the year-to-date total to 155, the TMX said in a news release.

The overall number of issues listed on the main board in November was 2,053, with a market capitalization of some $2.1 trillion. That was up from 2,001 issues in November 2009 with a market cap of $1.7 trillion.

Meanwhile, initial public offering financings raised $1.76 billion last month compared with $616.9 million in October and 410.8 million raised in November 2009.

On a year-to-date basis, there were 98 IPOs, representing a 75% increase over the same period in 2009. However, total financings raised was down at $4.5 billion in November from $7.1 billion in November 2009.

The monthly and year-to-date 2010 totals do not include the General Motors IPO because figures were not yet available, the TMX said.

TSX Venture Exchange welcomed 19 new issuers in November compared with 14 in October and 11 in November 2009.

Total financings raised on the Venture during the month were up 98% compared with October and 62% compared with November 2009.

On a year-to-date basis, total financings raised in 2010 were almost double the same period in 2009, while 34 companies graduated from the Venture to the Toronto Stock Exchange in the first 11 months of 2010, compared with 12 in 2009.

Stock in the TMX Group was down 14 cents at $35.01 Tuesday morning on the Toronto Stock Exchange.