The Globe and Mail reports in its Thursday, June 11, edition that CIBC plans to list a new Canadian Depositary Receipt (CDR) for SpaceX on the Toronto Stock Exchange this week. The Globe's Andrew Galbraith writes that the Ontario Securities Commission said on Tuesday it's amending CDR issuance standards to facilitate the offering of CDRs linked to initial public offerings, according to a CIBC prospectus, and confirmed by OSC spokesman Debra Chan. Those changes come as the high-profile SpaceX IPO draws attention to index providers Nasdaq Global Indexes and FTSE Russell easing inclusion rules for large, newly listed firms, including faster entry and less restrictive float requirements. SpaceX is raising $75-billion (U.S.) and targeting a $1.75-trillion (U.S.) valuation through its listing. IG Wealth's Pierre-Benoit Gauthier says, "Everybody's bending their rules to accommodate SpaceX." He characterizes the market's focus on huge IPOs as "excitement that is bordering on overexcitement." "Even the regulators are having some FOMO," he said. CIBC said the SpaceX CDR will be offered at an initial ratio of 0.12, meaning that each CDR will initially represent 0.12 shares of underlying SpaceX Class A common stock.