Australia's largest stock trading and investment forum Australia's #1 stock forum

CDX

Click for more information

0.00%

6.4¢ cardiex limited

Ann: Nasdaq IPO & Dual Listing Update, page-7

First 7 Last

Share
Profile

Follow
Doug Diamond

3,214 Posts.

473

31/08/23

10:57

Post #: 69657677
Share

Originally posted by avinvest: ↑

To me, this is the most important paragraph in there: "This is an initial public offering in the United States of 1,333,333 American Depositary Shares (“ADSs”) representing100,000,000 of ordinary shares, no par value, of CardieX Limited (“CardieX”), deposited with JPMorgan Chase Bank,N.A., as depositary. The estimated initial public offering price will be between US$7.50 and US$8.00 per ADS."

at current FX rates the US$7.50 per ADS translates into roughly 15.5c in AUS per ordinary share as the IPO (new floor price). Once they trade, it is likely this will be well above US$8.00 per ADS

Good outcome in my view, given current share price.... not so good in terms of where I first bought in but lets hope we will now get back there once this is all done and dusted

Expand

The US is a very deep pool of investors & institutions looking for promising start ups/new tech ...

... imagine in the near future a few good announcements coming from Craig ; announcements which might barely cause a ripple of the SP of Aussie domiciled shares , but would explode the price of the ADS's ...

We will become followers of the US listed ADS's ...

CDX Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

Reply

Top Stories

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Rushworth

PLS

Pilbara sees 26% lithium production growth from Pilgangoora in June quarter

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

There are more pages in this discussion • 69 more messages in this thread...

First 7 Last

Add CDX (ASX) to my watchlist

(20min delay)
Last 6.4¢		Change 0.000(0.00%)		Mkt cap ! $18.82M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	60000	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	44999	1

View Market Depth

No.	Vol.	Price($)
1	48250	0.062
1	60000	0.061
1	75000	0.060
1	75000	0.059
1	95000	0.058

Price($)	Vol.	No.
0.060	4500	1
0.064	44999	1
0.065	130000	1
0.066	40900	1
0.067	21625	1

Last trade - 16.12pm 23/07/2024 (20 minute delay)

CDX (ASX) Chart

Day chart unavailable

SPONSORED BY