CIBC introduces additional Canadian Depositary Receipts ("CDRs")

2/4/25 7:00:00 AM ET

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Expanded CDR lineup provides more opportunities for Canadians to invest in global companies

TORONTO, Feb. 4, 2025 /CNW/ - Today CIBC announced 10 new Canadian Depositary Receipts ("CDRs"), now listed on Cboe Canada. Introduced to investors over three years ago, CIBC has a total of 80 CDRs available in market.

CDRs make it easy to invest in many of the world's largest companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share, and with a built-in notional currency hedge, CDRs provide investors with affordable access to global stocks while mitigating the currency risk associated with global investing.

The 10 new CDRs are listed below with Cboe Canada ticker symbols:

Airbnb CDR (CAD Hedged) – ABNB
Applied Materials CDR (CAD Hedged) – AMAT
Arista Networks CDR (CAD Hedged) – ANET
Blackstone CDR (CAD Hedged) – BX
Chipotle CDR (CAD Hedged) – CMGS
Merck CDR (CAD Hedged) – MRK
Occidental Petroleum CDR (CAD Hedged) – OXY
Oracle CDR (CAD Hedged) – ORAC
Palantir CDR (CAD Hedged) – PLTR
Wells Fargo CDR (CAD Hedged) – WFCS

These 10 will add to the existing lineup of CDRs which are currently available for trading.

The Prospectus Supplement for these latest Series of CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

About CIBC

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

SOURCE CIBC

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/04/c8019.html

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Recent Analyst Ratings for

Company	Date	Price Target	Rating	Analyst
Arista Networks Inc. $ANET	6/26/2025	$115.00	Overweight	KeyBanc Capital Markets
Arista Networks Inc. $ANET	6/23/2025	$105.00 → $110.00	Outperform	Evercore ISI
Arista Networks Inc. $ANET	6/11/2025	$106.00	Outperform → Neutral	BNP Paribas Exane
Applied Materials Inc. $AMAT	6/6/2025		Underweight → Equal-Weight	Morgan Stanley
Canadian Imperial Bank of Commerce $CM	5/30/2025		Outperform → Sector Perform	National Bank Financial
Airbnb Inc. $ABNB	5/30/2025	$106.00	Hold → Sell	Truist
Arista Networks Inc. $ANET	5/28/2025	$112.00	Buy	Redburn Atlantic
Applied Materials Inc. $AMAT	5/16/2025	$225.00 → $220.00	Buy	TD Cowen

More analyst ratings

CIBC introduces additional Canadian Depositary Receipts ("CDRs")

2/4/25 7:00:00 AM ET

Diversified Commercial Services

Finance

Semiconductors

Technology

Get the next $ABNB alert in real time by email

Expanded CDR lineup provides more opportunities for Canadians to invest in global companies

The 10 new CDRs are listed below with Cboe Canada ticker symbols:

Airbnb CDR (CAD Hedged) – ABNB
Applied Materials CDR (CAD Hedged) – AMAT
Arista Networks CDR (CAD Hedged) – ANET
Blackstone CDR (CAD Hedged) – BX
Chipotle CDR (CAD Hedged) – CMGS
Merck CDR (CAD Hedged) – MRK
Occidental Petroleum CDR (CAD Hedged) – OXY
Oracle CDR (CAD Hedged) – ORAC
Palantir CDR (CAD Hedged) – PLTR
Wells Fargo CDR (CAD Hedged) – WFCS

These 10 will add to the existing lineup of CDRs which are currently available for trading.

The Prospectus Supplement for these latest Series of CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

About CIBC

SOURCE CIBC

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/04/c8019.html

Get the next $ABNB alert in real time by email

Recent Analyst Ratings for

Company	Date	Price Target	Rating	Analyst
Arista Networks Inc. $ANET	6/26/2025	$115.00	Overweight	KeyBanc Capital Markets
Arista Networks Inc. $ANET	6/23/2025	$105.00 → $110.00	Outperform	Evercore ISI
Arista Networks Inc. $ANET	6/11/2025	$106.00	Outperform → Neutral	BNP Paribas Exane
Applied Materials Inc. $AMAT	6/6/2025		Underweight → Equal-Weight	Morgan Stanley
Canadian Imperial Bank of Commerce $CM	5/30/2025		Outperform → Sector Perform	National Bank Financial
Airbnb Inc. $ABNB	5/30/2025	$106.00	Hold → Sell	Truist
Arista Networks Inc. $ANET	5/28/2025	$112.00	Buy	Redburn Atlantic
Applied Materials Inc. $AMAT	5/16/2025	$225.00 → $220.00	Buy	TD Cowen

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CIBC introduces additional Canadian Depositary Receipts ("CDRs")

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$ABNB
$AMAT
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Recent Analyst Ratings for
$ABNB
$AMAT
$ANET
$BX

$ABNB
$AMAT
$ANET
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Insider Purchases

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$ANET
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Press Releases

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Insider Trading

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SEC Filings

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Analyst Ratings

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Leadership Updates

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$ANET
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Financials

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Large Ownership Changes