Aequitas Innovations Inc said on Thursday it has completed a "significantly oversubscribed" round of funding, raising about C$30 million ($23.6 million) and broadening its shareholder base ahead of the launch of its Neo exchange this month.The Toronto-based firm said indications of interest from both founding shareholders and new shareholders represented close to 150 percent of the amount Aequitas originally planned to raise. It said the offering was distributed to ensure a fair representation of all market participants and stakeholders.Aequitas - a Latin term denoting fairness and the origin of the English word equity - is already backed by Royal Bank of Canada, Barclays PLC, pension funds OMERS and PSP, mutual fund managers CI Financial Corp and IGM Financial Inc, and Investment Technology Group Inc , among others.Aequitas' Neo platform will offer trading and listings as it looks to challenge TMX Group Inc's dominant Toronto Stock Exchange and its TSX Venture and Alpha platforms, along with rivals like Chi-X and CX2.
Barclays PLC is global financial services provider. Shares of BCS traded higher by 0.33% or $0.05/share to $15.29. In the past year, the shares have traded as low as $13.27 and as high as $17.90. On average, 2649920 shares of BCS exchange hands on a given day and today's volume is recorded at 1757895.
CI Financial Corp. (CI) is a Canada-based investment fund company. Shares of CIX fell by 0.09% or $-0.03/share to $34.92. In the past year, the shares have traded as low as $30.56 and as high as $37.00. On average, 475680 shares of CIX.TO exchange hands on a given day and today's volume is recorded at 658976.
IGM Financial Inc. is a Canada-based personal financial services company. Shares of IGM traded higher by 0.74% or $0.32/share to $43.45. In the past year, the shares have traded as low as $42.11 and as high as $55.49. On average, 220540 shares of IGM.TO exchange hands on a given day and today's volume is recorded at 176942.
Investment Technology Group, Inc. (ITG) is an independent execution and research broker. Shares of ITG traded higher by 1.17% or $0.28/share to $24.29. In the past year, the shares have traded as low as $14.65 and as high as $24.74. On average, 218010 shares of ITG exchange hands on a given day and today's volume is recorded at 295445.
Royal Bank of Canada is a banking company. It serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. Shares of RY traded higher by 0.81% or $0.48/share to $60.00. In the past year, the shares have traded as low as $56.40 and as high as $76.08. On average, 1499580 shares of RY exchange hands on a given day and today's volume is recorded at 899259.
Royal Bank of Canada is a banking company. It serves over 16 million personal, business and corporate clients across a diversified mix of businesses in 40 countries. Shares of RY traded higher by 0.49% or $0.37/share to $76.35. In the past year, the shares have traded as low as $71.04 and as high as $83.87. On average, 2840660 shares of RY.TO exchange hands on a given day and today's volume is recorded at 1969328.
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