Updated

Updated · Bloomberg · Jun 10

CIBC Launches SpaceX Depositary Receipt in Canada as Trading Starts Friday

Updated

Updated · Bloomberg · Jun 10

CIBC Launches SpaceX Depositary Receipt in Canada as Trading Starts Friday

3 articles · Updated · Bloomberg · Jun 10

CIBC said a SpaceX Canadian depositary receipt will begin trading on the Toronto Stock Exchange on Friday, opening a local route for Canadian investors to buy exposure to the company.
The product uses the bank’s depositary receipt structure, which is designed to give Canadian investors access to global stocks through securities listed domestically on the TSX.
SpaceX’s IPO is set to price on Thursday and begin trading the following day, aligning the Canadian listing with the company’s market debut.

Sources

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Bloomberg3h ago

CIBC to Launch SpaceX Canadian Depositary Receipt on Toronto Stock Exchange

Bloomberg3h ago

SpaceX Access Opens to Canadian Investors on Toronto Stock Exchange - Bloomberg

The Globe and Mail1d ago

CIBC to launch first-ever Canadian Depositary Receipt tied to a newly public company - The Globe and Mail

Will CIBC's currency-hedged access to SpaceX protect Canadian investors, or will its fees erode gains from this landmark offering?

With accelerating losses and a $1.75T valuation, is the SpaceX IPO a historic opportunity or a bubble built on a single rocket?

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Sources

4 total

Left67%

Right33%

Bloomberg3h ago

CIBC to Launch SpaceX Canadian Depositary Receipt on Toronto Stock Exchange

Bloomberg3h ago

SpaceX Access Opens to Canadian Investors on Toronto Stock Exchange - Bloomberg

The Globe and Mail1d ago

CIBC to launch first-ever Canadian Depositary Receipt tied to a newly public company - The Globe and Mail

Show all 4 sources

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