I see little point in speculating whether this will list, if so where, or if a T/O is more likely because we have zero influence in these matters.
Having said that, I stumbled on this article today which I found fascinating. The incredible growth in US and have a look at the drop in UK! To think Australia ranks 9th yet comprises a piddly 2% of the global market and even Japan at 2nd is 1/10th of US. This info I throw out here not with any angle, it was just pure fascination that caught my eye at a time when there is conversation on different exchanges for possible ISX listing.https://www.visualcapitalist.com/mapped-the-worlds-largest-stock-markets-1900-vs-2023/