Stocks in play: CIBC
Said its Innovation Banking arm has provided £10 million in growth capital financing to LandTech, a London-based proptech firm enabling property developers and property professionals to identify and assess off-market development opportunities. Landtech will use the funds to rapidly expand its suite of products that helps its clients navigate the complex sourcing, assessment and buying process in line with community needs. Funds will also be used to support the firm’s recent expansion to the US, including potential acquisitions. CIBC shares T.CM are trading down $0.13 at $61.27.
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