CIBC eyes FirstCaribbean valuation around $1.4 bln -sources
January 18, 2018 at 13:52 PM EST
TORONTO, Jan 18 (Reuters) - Canadian Imperial Bank of Commerce 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 Reuters over the past week.