Canadian Imperial Bank of Commerce (CIBC) has announced its intention to list a SpaceX Canadian Depositary Receipt (CDR) on the Toronto Stock Exchange (TSX), with trading expected to commence on June 12, 2026. This marks the first-ever CDR tied to a newly public company, expanding the platform that now offers 132 CDRs across six countries.
New CDR Details
The SpaceX CDR, which is CAD hedged, will trade under the ticker symbol SPCX on the TSX. This addition builds on CIBC's existing lineup of CDRs, which provide Canadian investors with easy access to many of the world's largest companies in Canadian dollars.
How CDRs Work
First introduced nearly five years ago, CDRs offer a fraction of the price per share of the underlying reference stock and include a built-in notional currency hedge. This structure allows investors to gain affordable exposure to global equities while mitigating currency risk.
Availability and Information
The Prospectus Supplement for these new CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more details about CDRs, investors can visit https://cdr.cibc.com.
About CIBC
CIBC is a leading North American financial institution serving 15 million personal banking, business, public sector, and institutional clients. It offers a full range of advice, solutions, and services through its digital banking network and physical locations across Canada, the United States, and worldwide. Ongoing news and more information are available at www.cibc.com/ca/media-centre.
SOURCE: CIBC
