Caribbean Bank Joins IPO Rush With Roughly $226M Offering
Barbados-based FirstCaribbean, advised by Mayer Brown LLP, plans to offer 9.6 million shares priced between $22 and $25. The IPO would raise $225.6 million if shares price at midpoint.
All shares are being sold by FirstCarribean’s parent, Canadian Imperial Bank of Commerce, which currently holds a 91.7 percent...
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