FirstCaribbean files for proposed initial public offering in US
FirstCaribbean International Bank Limited (FCIB) today announced that it has filed a Registration Statement on Form F-1 with the United States Securities and Exchange Commission (SEC) relating to the proposed initial public offering in the United States of FCIB’s common shares.
All of the shares to be offered in the proposed initial public offering will be offered by a subsidiary of Canadian Imperial Bank of Commerce CIBC. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
FCIB intends to apply to list the common shares on the New York Stock Exchange (NYSE) under the ticker symbol FCI. FCIB’s common shares are currently listed and currently trade on the Barbados Stock Exchange (BSE) under the symbol FCI. FCIB intends to maintain a listing in Barbados on the International Securities Market of the BSE in addition to the proposed NYSE listing.
Barclays Capital Inc., UBS Securities LLC and CIBC Capital Markets are acting as joint bookrunners for the offering. (PR)