October 24, 2021

CIBC eyes FirstCaribbean valuation around $1.4 billion: sources

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By Matt Scuffham and John Tilak From Street Insider TORONTO (Reuters) – Canadian Imperial Bank of Commerce(NYSE: CM) is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told […]