INR 3.45% 15.0¢ ioneer ltd

So this is a 1/40 listing on NASDAQ. Does that mean it should...

  1. 45 Posts.
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    So this is a 1/40 listing on NASDAQ. Does that mean it should open at somewhere near $11 USD?

    i.e SP currently .40c AUD x 40 shares = $16 AUD.
    $16 AUD is roughly $11 USD?
    Is that how it works?
 
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