CIBC to list SpaceX CDR on TSX, marking its first IPO-linked offering

CIBC will list a SpaceX Canadian Depositary Receipt (CDR) on the Toronto Stock Exchange. Trading is scheduled to commence on June 12, 2026.

The security will trade under the ticker SPCX. It provides Canadian investors with a built-in currency hedge to invest in the rocket and satellite company using local currency.

This launch marks the first time CIBC has offered a CDR tied to an initial public offering. The addition expands CIBC’s total CDR platform to 132 global companies.