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Developing the technology business at the funding financial institution is “fundamental to our technique,” Mr. Dubczak said. He says the company is frequently constructing on its 2018 acquisition of Wellington Financial, which offered enterprise loans to tech startups, and is now a part of CIBC’s innovation banking division. “The degree of interest and liquidity for technology firms will remain sturdy, if not enhance ,” he mentioned. He additionally expects plenty of merger-and-acquisition exercise in the sector, partly driven by the bevy of newly public tech corporations armed with IPO money and a want to develop by way of acquisitions.
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