TORONTO, Jan. 24 /CNW/ - CIBC (CM: TSX; NYSE) announced today that it
completed its previously announced offering of 45,346,130 common shares for
aggregate gross proceeds of $2,937,669,337.50.
    At today's closing, CIBC issued 21,441,750 common shares to the public
through a bought deal public offering in Canada led by CIBC World Markets Inc.
as book runner and jointly led by UBS Securities Canada Inc. The public
offering included 2,796,750 common shares issued upon the exercise, in full,
of an over-allotment option granted by CIBC to the underwriters.
    CIBC also issued an additional 23,904,380 common shares to a group of
institutional investors by private placements.
    The common shares issued are listed on the Toronto Stock Exchange and New
York Stock Exchange.

    Legal Disclaimer

    These securities have not been, and will not be registered under the
United States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.

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