Are you talking about ASIC or ASX?
ASX's market cap is just around 15b or so, even Afterpay is bigger than ASX.
And Yes, ISX could reach that valuation in the near future but ASX can't grow - where will they expand to?
Of course, ASX knew they were doing the wrong thing, why do you think they were trying to get ASIC to direct the suspension or at least a joint effort?
Ann: Demerger Complete - EU/UK/US Subsidiaries, page-323
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