Sounds to me like a way for holders to just get out. The company...

Sounds to me like a way for holders to just get out. The company had pretty poor financials some time back. I can't imagine much has changed. They had a fair few convertible notes, some which were paid back. Selfwealth made up a decent % of their volume, at the time of their intended IPO here even Superhero was a big client for them. Other clients like Pearler/Six Park and Raiz would be fairly small clients in comparison given Selfwealth is naturally a volume based broker and the other apps are long term accumulation apps. At the time they were pushing more into the advisory space but didn't have too much of a ticket to play there.

I'd give it at most a couple of years before OM is taken private or folds. Maybe apart from cost savings it's best for Selfwealth to be using a global giant. They can also reduce their Phillip Capital costs after for US trading.