If they can manage to keep the VWAP around 50c and price the ADS around $25 (50X IHL 5-day VWAP)… they could be aiming for a nice round number. Who knows.
In the ST once the listing completes and some of the steam is let out of IHL (listing pop focused folks leave the register), we can start a steady climb north supported by news flow. I am more keen about the news flow than I am about the Nasdaq listing, though this will be the first time one of my companies gets listed overseas while I hold it.
However I am interested to see how the post listing price moves happen and how much of the predictions and comparison to US/ Canadian listed peers plays out.
IHL Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
