Figure 12 - IPOs on the TSE, Total and Portion Backed by Venture Financing, 1993-1998

Number of IPOs

Total

• 1993, 73
• 1994, 35
• 1995, 13
• 1996, 35
• 1997, 39
• Mid-1998, 14

Venture-Backed

• 1993, 19
• 1994, 7
• 1995, 1
• 1996, 11
• 1997, 7
• Mid-1998, 3

Note: IPOs reflect different TSE Industrial categories with some exceptions (e.g., financial services, natural resources).

Source: Macdonald & Associates, 1998

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