You are convoluting two separate issues here. A US listing is not contingent up a successful IPO. You can have one without the other. SEA could list without a capital raising....correct?
So whats to stop them from putting up the cash to list? Or what is a good reason not too? It has nothing to do with lack of interest in the US for their IPO, that is separate from the List option.
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Ann: Sale of Goliath Prospect, page-16
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