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

CDX

Click for more information

11.1%

7.0¢ cardiex limited

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

First 7 Last

Share
Profile

Follow
Doug Diamond

3,211 Posts.

471

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

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

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 7.0¢		Change 0.007(11.1%)		Mkt cap ! $20.59M

Open	High	Low	Value	Volume
6.4¢	7.0¢	6.4¢	$24.16K	353.1K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	24999	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.068
1	39286	0.067
1	80000	0.065
2	104000	0.064
3	123168	0.063

Price($)	Vol.	No.
0.070	24999	1
0.072	54000	1
0.075	50000	1
0.078	8865	1
0.082	25000	1

Last trade - 16.10pm 04/07/2024 (20 minute delay)

CDX (ASX) Chart