There's a badonkadonk of other asx listed companies on the NASDAQ,
Hin, pbt, nrt... They're easy to find if you simply type the company common name name in finance.google.com. I found hin had one just yesterday... I don't have a full list. Interestingly HIN is worth just about the same as prr and has a NASDAQ dr: off topic but I think these companies will walk together!ni hold a tiny tiny amount of hin so not much gain to cross post.
Generally the ratios uphold themselves. Sometime the sax price moves first, sometime the NASDAQ moves. They generally equalizes with a days trade each.
If the NASDAQ price soars, --- one can expect the Asx price to catch up to bring the ratio back --- however, it doesn't have to if the Aussies don't want to pay, so, it is possible the sax price respond the us price with a "you got be kidding me mate, you yanks are crazy... It's not worth that..." and the next day the NASDAQ price then might fall to what the Aussie side of the ratio thinks is fair value....
Just a scenario to explain...interesting days ahead.
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