OPT 8.54% 44.5¢ opthea limited

I don't think you're on the right path, didn't Avita re-domicile...

  1. 553 Posts.
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    I don't think you're on the right path, didn't Avita re-domicile as a company to the US?
    This is nothing of the sort. My understanding is that OPT is simply listing depository instruments on the NASDAQ that are, more or less, a mirror of OPT on the ASX. OPT remains an Australian company and it's a relatively low-cost, low regulatory path to open up a huge pool of potential capital.
    Of course US investors could simply buy OPT shares on the ASX, however I'm sure there would be many US-based funds etc that are internally restricted to US based holdings. I would also think that US-based shares gather more US-based interest.
 
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42.0¢ 45.0¢ 42.0¢ $3.084M 7.074M

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Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
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