TMX Group, the operator of the Toronto Stock Exchange, has announced its agreement to acquire the Australian and Canadian operations of Cboe Global Markets for $300 million. This strategic acquisition is aimed at expanding TMX's footprint in the global mining sector, which is particularly strong in Australia. TMX CEO John McKenzie highlighted that this move allows the company to tap into a market recognized as the second strongest for mining resources globally. The acquisition includes Cboe Australia and Cboe Canada exchanges, which collectively generated around $87 million in revenue in 2025, with an adjusted EBITDA of approximately $25 million. Funding for the acquisition will come from a combination of available cash and new debt. For Cboe, this divestiture marks a significant step in its strategic reorganization, allowing the firm to focus on its core business lines and explore new industry opportunities. The transaction is pending standard closing requirements and regulatory reviews in both Canada and Australia. TMX has also indicated a strong IPO pipeline in Canada, with about 1,600 companies looking to list, many of which are from outside the country, attracted by TMX's venture ecosystem.