An ADR is a bundle of already purchased shares from the ASX. They are not a future value. The Bank of New York Mellon will have X number ready to sell and then demand will determine the price. If the price the ADR’s sell for overnight is up or down then this would factor into the ASX the next day.
My opinion only DYOR
FF
AKIDA BALLISTA
Ann: Launch of American Depository Receipts, page-56
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16.0¢ |
Change
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Mkt cap ! $313.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $765.2K | 4.687M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 107 | 2575551 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 873768 | 15 |
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